Postal Savings Bank of China (PSBC) has announced the completion of its absorption and merger of its fully-owned subsidiary, Youhui Wanjia Bank Co., Ltd. The strategic move was approved during the bank's second extraordinary general meeting of shareholders in 2025, held on October 9, aiming for strategic consolidation, optimized resource allocation, and reduced management costs.

On December 30, 2025, PSBC disclosed that the National Financial Regulatory Administration had granted approval for the merger, allowing the bank to assume all assets, liabilities, business operations, and employees of Youhui Wanjia Bank following asset and liability verification. Recently, Youhui Wanjia Bank received a notice of deregistration approval from the Shanghai Municipal Administration for Market Regulation, finalizing the cancellation of its business registration. Concurrently, PSBC has completed the required industrial and commercial registration changes related to the merger.

This absorption and merger is expected to further optimize PSBC's management and business structure, consolidate achievements in digital transformation, enhance operational efficiency, and lower management expenses. The financial statements of Youhui Wanjia Bank have already been fully incorporated into PSBC's consolidated financial statements. The merger is not anticipated to impact PSBC's financial condition or operational results and will not harm the interests of the bank or its shareholders.