The National Financial Regulatory Administration has issued an approval regarding the absorption and merger of China Post Youhui Wanjia Bank Co., Ltd. by Postal Savings Bank Of China Co.,Ltd. The regulator has agreed to the merger, with PSBC taking over all assets, liabilities, business operations, and employees of China Post Youhui Wanjia Bank following a comprehensive asset and capital verification process. Consequently, China Post Youhui Wanjia Bank Co., Ltd. will be dissolved.

PSBC is required to strictly handle the absorption and merger matters in accordance with relevant laws and regulations, and it must supervise China Post Youhui Wanjia Bank to complete the termination procedures for its legal entity. The entire merger process must be finalized within six months from the date of this approval and will be conducted under the supervision and guidance of the National Financial Regulatory Administration.