ZYBANK (01216) subsidiary Bang Yinjin Rent intends to absorb and merge Luo Yinjin Rent.

ZYBANK (01216) announced that on March 27, 2026, the board of directors of Bangyin Financial Leasing Co., Ltd. (Bangyin Finance Lease) and the board of directors of Luoyin Financial Leasing Co., Ltd. (Luoyin Finance Lease) respectively passed a resolution regarding the initiation of the potential absorption and merger of Luoyin Finance Lease by Bangyin Finance Lease. Bangyin Finance Lease is a non-bank financial institution mainly engaged in financial leasing business. Bangyin Finance Lease was established in August 2013, headquartered in Zhengzhou, Henan Province, mainly engaged in financial leasing, transfer and assignment of financial leasing assets, fixed income securities investment, accepting lessee's leasing deposits and other businesses. Bangyin Finance Lease is a subsidiary of the bank, with the bank holding 90% of the shares. Luoyin Finance Lease is a non-bank financial institution mainly engaged in financial leasing business. Luoyin Finance Lease was established in December 2014, headquartered in Luoyang, Henan Province, mainly engaged in financial leasing business. Luoyin Finance Lease is a subsidiary of the bank, with the bank holding 57.5% of the shares. As of the date of this announcement, Zhongyuan Trust Co., Ltd. and Luoyang Metallurgical Heavy Industry Group Co., Ltd. each hold 10% of the shares of Luoyin Finance Lease, thereby constituting connected persons at the subsidiary level according to Chapter 14A of the Listing Rules. The potential absorption and merger can lay a foundation for the long-term stable development of the group, enhance the group's capital strength and market competitiveness. The potential absorption and merger can integrate the product systems of Bangyin Finance Lease and Luoyin Finance Lease, introduce more diverse financial leasing products, meet the differentiated needs of different types of customers, and achieve business synergy. The potential absorption and merger will also optimize the asset quality of Bangyin Finance Lease and enhance its risk resistance capability. The potential absorption and merger is an important measure for the bank to build a diversified comprehensive financial service system. The merged Bangyin Finance Lease will become an important platform for the bank to serve the real economy, help enhance the overall financial service capabilities and market competitiveness of the bank.