Suining City Finance Bureau approved to hold a controlling stake in Suining Bank.

The Sichuan Financial Regulatory Bureau's information shows that the bureau has approved Suining Municipal Finance Bureau's acquisition of 64.58% of the shares held by 10 private shareholders of Suining Bank. After the acquisition, Suining Municipal Finance Bureau will hold 66.39% of the shares of Suining Bank, obtaining controlling rights. The proportion of state-owned shares in the bank also increased from 21.96% at the beginning of the year to 86.54%.