Jinshang Bank (02558) announced that the bank entered into an asset transfer agreement with Jinyang Asset Management on August 27, 2025. Under this agreement, the bank has agreed to transfer the relevant assets specified in the asset transfer agreement, while Jinyang Asset Management has agreed to acquire these assets for a consideration of RMB 310 million.

According to the terms and conditions of the asset transfer agreement, the bank has agreed to transfer, and Jinyang Asset Management has agreed to receive, non-performing assets involving eight corporate clients. These assets include approximately RMB 14.21 billion in principal, penalty interest, accrued interest as of the reference date (March 5, 2025), and expenses incurred before the reference date, including legal fees and other costs associated with debt recovery.

Following the payment of the first installment of RMB 93.1 million, representing 30% of the total consideration, Jinyang Asset Management will obtain ownership of all interests in the relevant assets.

The announcement stated that the proceeds from transferring these assets will be used to offset the Group's losses on such non-performing assets, thereby reducing the Group's non-performing loan amount and promoting the Group's high-quality sustainable development.