Postal Savings Bank of China: Will absorb and merge its wholly-owned subsidiary Youhui Wanjia Bank.

Postal Savings Bank of China Announcement - In order to further optimize management and business structure, the company will absorb and merge its wholly-owned subsidiary China Post Wealth Bank Limited. After the completion of this absorption and merger, China Post Wealth Bank's independent legal status will be lawfully cancelled, and all of its business, assets, debts, and other rights and obligations will be taken over by Postal Savings Bank of China. The rights and obligations of customers will not be affected, and legally signed contracts and agreements will remain valid. This merger still needs to be approved by the shareholders' meeting and then submitted to the China Banking and Insurance Regulatory Commission for approval before implementation.