Shanxi Bank Responds to "Approximately 416 Million Shares of Equity Auctioned": Actively Optimizing Equity and Orderly Withdrawing Negative Shareholders engaging in negative behaviors.

On January 14th, it was reported that approximately 416 million shares of equity and dividends of Shanxi Bank were officially put up for auction on the Alibaba Asset Auction Platform on January 11th, with a starting price of approximately 417 million yuan, equivalent to about 1.003 yuan per share. On January 12th, as there were no bidders, the equity was ultimately left unsold. Regarding this equity auction, Shanxi Bank stated that due to the fact that its shareholder Rongxin Da no longer possesses good social reputation, integrity records, and tax records, they do not meet the shareholder qualifications stipulated by financial regulatory authorities. In response, Shanxi Bank has contacted and cooperated with relevant courts to find qualified investors through equity auctions, which is an important initiative for the bank to proactively optimize its equity and orderly phase out shareholders with negative behaviors.