Ningxia Bank: Absorb and merge Ningxia Helan Hui Shang Rural Commercial Bank and establish new branch institutions.

Ningxia Bank announced that, following a resolution by the shareholders' meeting, the bank will absorb and merge with Ningxia Helan Hui Business Village Bank and establish new branch institutions, inheriting all assets, liabilities, businesses, personnel, and other related rights and obligations of Ningxia Helan Hui Business Village Bank. The announcement stated that the approval of the national financial regulatory authority is still pending for this merger and absorption transaction.