002936SZSE

Announcement of Zhengzhou Bank Co., Ltd. on Related Party Transactions

Bank of Zhengzhou Co., Ltd.··4 pages

✨ AI Summary

Zhengzhou Bank Co., Ltd. announced related party transactions involving credit extensions to Henan Asset Management Co., Ltd. and Zhengzhou Industrial Investment Group. The proposed credit amounts are 400 million yuan and 743.767 million yuan, respectively. These transactions exceed the expected limits for 2025 and require approval from independent directors. The transactions are deemed fair and will not significantly impact the bank's operations or financial status.

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Full Translation

AI Translation· azure_openai

Zhengzhou Bank Co., Ltd. (hereinafter referred to as "the Bank") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, without false records, misleading statements, or major omissions.

I. Overview of Related Party Transactions

(1) Related Party Transaction with Henan Asset Management Co., Ltd.

The Bank intends to extend credit of 400 million yuan to Henan Asset Management Co., Ltd. Henan Asset Management Co., Ltd. is controlled by Henan Investment Group Co., Ltd., the controlling shareholder of the Bank's major shareholder, Zhongyuan Trust Co., Ltd., and is recognized as a related party according to relevant regulatory provisions. This transaction constitutes a related party transaction. According to the relevant provisions of the Shenzhen Stock Exchange Listing Rules, the total amount of credit after this extension exceeds the expected limit for daily related party transactions in 2025 by 100 million yuan, with the excess accounting for more than 0.5% but not exceeding 5% of the Bank's most recent audited net assets. It must be approved by a majority of independent directors before proceeding to the Board of Directors for review and timely disclosure, without the need for shareholder meeting approval.

(2) Related Party Transaction with Zhengzhou Industrial Investment Group

The Bank intends to extend credit of 743.767 million yuan to Zhengzhou Industrial Investment Group Co., Ltd. Zhengzhou Industrial Investment Group Co., Ltd. is recognized as a related party according to relevant regulatory provisions, as it is a major shareholder of the Bank. This transaction constitutes a related party transaction. According to the relevant provisions of the Shenzhen Stock Exchange Listing Rules, the total amount of credit after this extension exceeds the expected limit for daily related party transactions in 2025 by 43.767 million yuan, with the excess accounting for more than 0.5% but not exceeding 5% of the Bank's most recent audited net assets. It must be approved by a majority of independent directors before proceeding to the Board of Directors for review and timely disclosure, without the need for shareholder meeting approval.

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