Bank of Jiujiang recently announced in its 2025 annual general meeting circular that it will absorb and merge the 13 village banks it primarily initiated and established within Jiangxi Province, converting them into branches of the bank.

The disclosure states that, subject to obtaining regulatory approval and completing necessary procedures, Bank of Jiujiang plans to acquire the shares held by other shareholders of the Jiuyin Village Banks in Jiangxi Province through a cash transaction. Following this, it will absorb and merge these village banks and restructure them as its own branches.

The transaction price will be determined in accordance with relevant laws, regulations, and regulatory requirements, taking into account audit and assessment results, communications with relevant counterparties, and market practices.

Upon completion of the above plan, all business operations, assets, liabilities, credits, debts, and other rights and obligations of the Jiuyin Village Banks in Jiangxi Province will be assumed by Bank of Jiujiang.

In fact, as early as May of last year, Bank of Jiujiang reviewed a proposal regarding the overall reform plan for its Jiuyin Village Banks. According to this plan, the bank intends to carry out phased reform and restructuring of its 20 Jiuyin Village Banks in due course.

Previously, Bank of Jiujiang had a total of 20 Jiuyin Village Banks, including 16 within Jiangxi Province and 4 outside the province.

At that time, Bank of Jiujiang stated that for the Jiuyin Village Banks within Jiangxi Province, it plans to gradually acquire shares held by other shareholders, increase its shareholding to 100%, and then absorb and merge them, restructuring them as branches of the bank. For the village banks outside Jiangxi Province, the bank will retain the current status, restructure them as branches through acquisition or absorption, or exit in an orderly manner, depending on regulatory requirements.

Prior to this, Bank of Jiujiang had already identified the first batch of village banks to be absorbed and merged, which included three: Changdong Jiuyin, Lushan Jiuyin, and Jinggangshan Jiuyin.

If Bank of Jiujiang proceeds to absorb and merge the remaining 13 village banks it primarily initiated within Jiangxi Province, it will effectively clear all its village bank holdings in the province.