On November 4, the Jiangxi Financial Regulatory Bureau issued an approval regarding the change of the main initiator, equity transfer, and shareholder qualifications for Jishui Luling Village Bank. The regulator approved Jishui Rural Commercial Bank as the main initiating shareholder of Jishui Luling Village Bank.

The approval also permits Jishui Rural Commercial Bank to acquire the following shares: 24 million shares held by Ji'an Rural Commercial Bank, 7 million shares held by Jiangxi Jinggangshan Grain & Oil Group, 7 million shares held by Jishui County Wenshan Hotel, 3.5 million shares held by Jiangxi Jishui Jixing Stationery, and 2 million shares held by Jiangxi Jishui Badu Salted Duck. Additionally, Jishui Rural Commercial Bank will acquire a combined 35.5 million shares from 42 individual shareholders, including Xi Wenxiang.

Following the acquisition, Jishui Rural Commercial Bank will hold a total of 79 million shares in the village bank, representing a 98.75% stake. The previous shareholders will no longer hold any equity in the bank.