Xinjiang Bole Rural Commercial Bank obtains approval to acquire controlling stake in two rural commercial banks.

The Xinjiang Financial Regulatory Bureau information shows that the Bole Rural Commercial Bank in Xinjiang has been approved to acquire 91.96 million shares of Xinjiang Beitun Rural Commercial Bank and 102.90 million shares of Bo Lake Rural Commercial Bank at a price of 1 yuan per share. After the acquisition, Bole Rural Commercial Bank will hold 61.31% of shares in Beitun Rural Commercial Bank and 69.26% of shares in Bo Lake Rural Commercial Bank.