Bank of Zhengzhou (06196) plans to acquire Yanyu Zhengyin Rural Commercial Bank and establish a branch.

Bank of Zhengzhou (06196) has announced that prior to this acquisition, the bank held 34.95 million shares, accounting for 49.58% of the shares, in Yanling Zhengyin Rural Bank. The bank intends to acquire the remaining shares held by other shareholders of Yanling Zhengyin Rural Bank in cash. These other shareholders collectively hold 35.545 million shares, accounting for 50.42% of the shares. Additionally, the bank plans to restructure Yanling Zhengyin Rural Bank into a branch through a merger. The bank will pay the shareholders who have signed the share purchase agreement the agreed purchase price, and for those who have not signed the agreement, the bank will pay the agreed merger price as per the merger agreement signed by the bank and Yanling Zhengyin Rural Bank. After the acquisition is completed, the assets, liabilities, business, personnel, and all other rights and obligations of Yanling Zhengyin Rural Bank will be taken over by the bank, leading to the dissolution of Yanling Zhengyin Rural Bank and the cancellation of its legal entity.