The major shareholder of Bank of Suzhou (002966.SZ), Guofa Group, plans to increase its holdings of the company's shares by no less than 300 million yuan.

Bank of Suzhou (002966.SZ) announced that its major shareholder Suzhou International Development Group Co., Ltd. ("SIDG") plans to increase its holdings by at least 300 million RMB through centralized bidding or purchasing convertible bonds to stocks starting from January 14, 2025 for a period of 6 months. This decision is based on SIDG's confidence in the future development prospects of the company and its long-term investment value.