GRCB (01551) announced the completion of its credit asset sale on November 29, 2025. The bank sold the assets to Guangzhou Asset Management Co., Ltd. (the buyer) for a total consideration of RMB 12.25 billion, meeting or exceeding the minimum price disclosed in its circular.

The transaction will be settled in installments via cash payments. The buyer has already paid 30% of the transfer amount, totaling RMB 3.675 billion. The remaining 70% (RMB 8.575 billion) will be paid in nine equal annual installments from 2026 to 2034, with each payment due by December 20 of the respective year.

The asset transfer agreement aligns with the proposed authorization approved by shareholders on November 21, 2025. As of November 29, 2025, all rights, interests, and obligations related to the sold assets—including claims, recoveries, and enforcement rights—have been transferred from GRCB to the buyer.