The Postal Savings Bank of China (01658) plans to invest 10 billion yuan to establish a financial asset investment company.

Postal Savings Bank of China (01658) announced that the bank plans to invest 1 billion yuan of its own funds as the investment entity to establish China Post Financial Asset Investment Co., Ltd. (tentative name, subject to approval by relevant regulatory authorities and market supervision departments) in accordance with the "Administrative Measures for Financial Asset Investment Companies (Trial)". This investment is an important initiative for the bank to respond to the national call and serve the construction of a technology-strong country. It will help the bank enhance its comprehensive service capabilities, carry out the "five major tasks of finance", build a technology financial force, further play a supporting role in technology innovation and private enterprises, support the development of new productive forces, and better serve the real economy. The source of funds for this investment is the bank's own funds, and it will not have a significant impact on the bank's financial condition or operating results.