On February 26, Bank of Ningbo Co., Ltd. announced that from January 1, 2025, to December 31, 2025, the closing price of the company's stock remained below the audited net asset value per share attributable to common shareholders for the most recent fiscal year for 12 consecutive months. Specifically, from January 1, 2025, to April 9, 2025, the daily closing price was lower than the audited net asset value per share of 26.71 yuan for the 2023 fiscal year. From April 10, 2025, to December 31, 2025, the daily closing price was below the audited net asset value per share of 31.55 yuan for the 2024 fiscal year. In accordance with the China Securities Regulatory Commission's "Regulatory Guidance No. 10 for Listed Companies—Market Value Management," the company is required to formulate a valuation enhancement plan. On February 26, 2026, the first meeting of the ninth board of directors reviewed and approved the "Valuation Enhancement Plan for Bank of Ningbo Co., Ltd.," with all directors unanimously supporting the proposal.
The board of directors evaluated the specific measures outlined in the valuation enhancement plan and determined that they are reasonable and feasible. The plan does not harm the interests of the company or its shareholders and is expected to improve the company's operational quality and investment value while enhancing returns for investors.
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