Hangzhou United Bank's change in equity ownership has been approved. Zhejiang Provincal International Trade Group and Zhejiang Oriental's shareholdings have increased to 6.06% and 3.94% respectively.

The Zhejiang Regulatory Bureau of the China Banking and Insurance Regulatory Commission issued a reply on the 27th, approving Zhejiang International Trade Group Co., Ltd. to acquire 129.34 million shares of Hangzhou United Bank held by Fuxin Group Limited, and to acquire 2.79 million shares of the bank held by Chuangju Era Hospital Investment Co., Ltd. After the acquisitions, Zhejiang International Trade Group Co., Ltd. will hold a total of 132.13 million shares of Hangzhou United Bank, with a shareholding ratio of 6.06%. Zhejiang Oriental Financial Holding Group Co., Ltd. was also approved to acquire 15.1978 million shares of Hangzhou United Bank held by Chuangju Era Hospital Investment Co., Ltd. After the acquisition, Zhejiang Oriental Financial Holding Group Co., Ltd. will hold a total of 85.9102 million shares of the bank, with a shareholding ratio of 3.94%.