The Postal Savings Bank of China (01658) has been approved by the China Banking Regulatory Commission to merge with Youhui Bank.

Postal Savings Bank Of China (01658) announced that recently, the bank has received approval from the China Banking and Insurance Regulatory Commission regarding the absorption and merger of Youhui Wanjiabank Co., Ltd. by the Postal Savings Bank of China (Limited Company) (Approval No. Jin Fu [2025] 774). The China Banking and Insurance Regulatory Commission has approved the bank to absorb and merge Youhui Wanjiabank, and to take over its assets, liabilities, business, and employees after the clearance and approval of assets. This absorption and merger will help further optimize the bank's management and business structure, consolidate the effects of digital transformation, improve operational efficiency, and reduce management costs. Youhui Wanjiabank is a wholly-owned subsidiary of the bank, and its financial statements have been included in the bank's consolidated financial statements at a 100% ratio. This absorption and merger will not have any impact on the bank's financial condition and operating results, and will not harm the interests of the bank and its shareholders.