Chongqing Rural Commercial Bank: Market Supervision Bureau Filing for Agricultural Investment Group's Equity Transfer Completed

Deep News12-03

On December 3, Chongqing Rural Commercial Bank Co., Ltd. (601077) announced that the State-owned Assets Supervision and Administration Commission of Chongqing Municipality (referred to as "Chongqing SASAC") has transferred 40% equity of its shareholder Chongqing Agricultural Investment Group Co., Ltd. (referred to as "Agricultural Investment Group") to Chongqing Yufu Capital Operation Group Co., Ltd. (referred to as "Yufu Capital"), a major shareholder of the bank. The equity was transferred free of charge to Yufu Capital's controlling shareholder, Chongqing Yufu Holding Group Co., Ltd. (referred to as "Yufu Holding"). Upon completion of the transfer, Agricultural Investment Group will become a subsidiary of Yufu Holding and a concerted party of Yufu Capital.

Recently, the bank received notice from Yufu Capital that the filing procedures with the Market Supervision Bureau related to the equity transfer of Agricultural Investment Group have been completed.

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