Securities Code: 001227 Securities Abbreviation: Lanzhou Bank Announcement Number: 2026-018
Lanzhou Bank Co., Ltd. Valuation Enhancement Plan
The Bank and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
In accordance with the China Securities Regulatory Commission's "Guidelines for the Supervision of Listed Companies No. 10 - Market Value Management" and other relevant regulations, in order to effectively enhance the company's investment value and improve shareholder return capabilities, Lanzhou Bank Co., Ltd. (hereinafter referred to as "the Bank") further deepens the relevant plans of the "Announcement on the 'Dual Improvement of Quality and Returns' Action Plan" and, based on the assessment of the "Lanzhou Bank Co., Ltd. Valuation Enhancement Plan" formulated for 2025, combines the operational realities of 2025 and the development situation of 2026 to formulate a new phase of the "Lanzhou Bank Co., Ltd. Valuation Enhancement Plan."
I. Triggering Circumstances and Review Procedures
From April 1, 2025, to March 31, 2026, the Bank's stock closing price has been below the audited net asset value per share attributable to ordinary shareholders of the Bank for the most recent accounting year for 12 consecutive months on each trading day. Specifically, from April 1, 2025, to April 27, 2025, the stock closing price fluctuated between 2.17 - 2.37 yuan/share, all below the audited net asset value of 4.91 yuan per share for the year 2023; from April 28, 2025, to March 31, 2026, the stock closing price fluctuated between 2.21 - 2.76 yuan/share, all below the audited net asset value of 5.36 yuan per share for the year 2024, which constitutes a situation that necessitates the formulation of a valuation enhancement plan. On April 27, 2026, the eighth meeting of the sixth Board of Directors of the Bank reviewed and approved the "Lanzhou Bank Co., Ltd. Valuation Enhancement Plan," with all directors unanimously agreeing to this proposal.
II. Specific Plan for Valuation Enhancement
In order to thoroughly implement the decisions and deployments of the Central Committee of the Communist Party of China and the State Council regarding the high-quality development of listed companies, earnestly fulfill the regulatory requirements for market value management, actively respond to the development environment of stabilized interest margins and valuation recovery in the banking sector in 2026, further consolidate the effectiveness of the 2025 valuation enhancement plan, and promote the Bank's high-quality development and investment value enhancement, the following valuation enhancement plan is formulated: