Zhejiang Merchants Bank (02016) shareholder Hengdian Group reduced its holding by 0.88% stake.

Zhejiang Merchants Bank (02016) announced that on May 20, 2025, the company received a "Notice of Equity Change" from its shareholder Hengdian Group Holdings Limited, stating that from April 18, 2025 to May 19, 2025, Hengdian Group Holdings Limited reduced its holdings of the company's A-shares by 242,310,660 shares through competitive bidding, representing 0.88% of the company's total share capital.