Bank of Zhengzhou Seeks to Increase Credit Limit for Related Party by 45 Billion Yuan

Deep News06-04

Bank of Zhengzhou Co.,Ltd. has announced a proposal to adjust its projected daily related-party transaction limits for 2026.

The bank's board of directors has reviewed and approved a motion to add a 45 billion yuan credit facility for Henan Asset Management Co., Ltd. and its affiliated enterprises.

The proposal had previously received unanimous approval in a dedicated meeting of the bank's independent directors.

During the board's review, directors with related interests recused themselves from voting as required by regulations.

This adjusted credit limit will be combined with the original annual related-party transaction plan and submitted together for review at the upcoming shareholders' meeting.

At that meeting, relevant shareholders with associated interests will also be required to abstain from voting.

Henan Asset Management Co., Ltd. is classified as a related party because it is under the control of a group that holds shares in Bank of Zhengzhou.

The newly proposed credit limit represents only an estimated annual ceiling for transactions and does not constitute a substantive credit commitment.

The actual execution of any business will be subject to the bank's standard approval processes.

These related-party transactions will adhere to market-based, fair pricing principles.

The terms of the transactions will not be more favorable than those offered to non-related customers.

This activity is considered part of the bank's routine business operations.

The execution of these transactions is not expected to have any adverse impact on Bank of Zhengzhou's operations or shareholder equity.

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21:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bank of Zhengzhou Co.,Ltd. has announced a proposal to adjust its projected daily related-party transaction limits for 2026.<br><br>The bank's board of directors has reviewed and approved a motion to add a 45 billion yuan credit facility for Henan Asset Management Co., Ltd. and its affiliated enterprises.<br><br>The proposal had previously received unanimous approval in a dedicated meeting of the bank's independent directors.<br><br>During the board's review, directors with related interests recused themselves from voting as required by regulations.<br><br>This adjusted credit limit will be combined with the original annual related-party transaction plan and submitted together for review at the upcoming shareholders' meeting.<br><br>At that meeting, relevant shareholders with associated interests will also be required to abstain from voting.<br><br><b>Henan Asset Management Co., Ltd.</b> is classified as a related party 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