The Bank of Lanzhou announced that it plans to acquire 100% of the shares of the four banks in Gancun Town Bank, Huining Huishi Village Bank, Pingliang Kongtong Rongxing Village Bank, Tianshui Maiji Rongxing Village Bank, and Tianshui Qinzhou Changyincun Town Bank in cash. After the acquisition is completed, it will set up branches at the original site of the four village banks to assume all of their rights and obligations, such as assets, liabilities, and business. The purchase consideration was determined through negotiations based on approved or filed evaluation results. It did not involve the issuance of shares and did not constitute a related transaction or major asset restructuring. The relevant matters still need to obtain regulatory approval. The company has requested the shareholders' meeting to authorize the board of directors to proceed with the work related to the acquisition.

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