The Shanghai Agricultural Commercial Bank announced that the company received approval from the Shanghai Supervisory Authority of the State Financial Supervisory Authority to absorb and merge Shanghai Chongming Shanghai Rural Commercial Village Bank Co., Ltd. to assume its assets, liabilities, institutions, business, employees and other rights and obligations after liquidation and approval. The company will handle the absorption and merger in accordance with the requirements of the approval and relevant laws and regulations, and urge the Chongming Village Bank to complete matters relating to the dissolution of the legal entity.

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