Lanzhou Bank to Acquire Lintao Jincheng Village Bank, Absorbing RMB 3.434 Billion in Assets

Lanzhou Bank announced it will convene an extraordinary shareholders' meeting on August 28 to consider a proposal to acquire Lintao County Jincheng Village Bank and establish a sub-branch. Under the plan, the bank will purchase in cash the shares in the village bank held by other shareholders. Upon completion of the acquisition, Lanzhou Bank will take over all of the village bank's assets, liabilities, business and outlets. Lintao Village Bank will be dissolved and its legal entity status cancelled, with its operations converted into a branch of Lanzhou Bank.

According to available data, Lintao Village Bank was established by Lanzhou Bank in 2011, and Lanzhou Bank currently holds 19.124 million shares in the entity. As of end-2025, the village bank's total assets amounted to approximately RMB 3.434 billion. Lanzhou Bank said the acquisition does not constitute a major asset restructuring, will have a limited impact on its operations, and will not materially affect its operating results.