CZBANK (02016) announced that on September 1, 2025, the bank entered into a capital increase subscription agreement with Zhejiang Yinlease. Under the capital increase subscription agreement, Zhejiang Yinlease will issue 700 million additional shares at a subscription price of RMB 1.9875 per additional share. The bank will subscribe for 500 million additional shares, with a total subscription amount of RMB 994 million. Zhoushan Ocean Comprehensive Development Investment Co., Ltd. (Zhoushan Marine Investment), one of Zhejiang Yinlease's shareholders, will also subscribe for 200 million additional shares at the same subscription price. Zhejiang Innovation Investment Group Co., Ltd. (Provincial Innovation Investment Group, formerly known as Zhejiang Financial Holding Co., Ltd.), another shareholder of Zhejiang Yinlease, will not participate in this capital increase subscription.

Before the completion of the capital increase subscription, the bank, Provincial Innovation Investment Group, and Zhoushan Marine Investment held 51.00%, 29.00%, and 20.00% of Zhejiang Yinlease's shares respectively. After the completion of the capital increase subscription, the bank, Provincial Innovation Investment Group, and Zhoushan Marine Investment are expected to hold 54.04%, 24.68%, and 21.28% of Zhejiang Yinlease's shares respectively. The shareholding ratios after the completion of the capital increase subscription are subject to the final actual subscription and regulatory approval results.

After the completion of the capital increase subscription, Zhejiang Yinlease will remain a controlling subsidiary of the bank, and its financial performance will continue to be consolidated into the bank's financial statements.

The announcement stated that the capital increase subscription will further supplement Zhejiang Yinlease's core capital to enhance its capital adequacy ratio and support its sustainable business development. Additionally, it is expected to benefit the enhancement of the bank's capital returns and strengthen strategic synergies with its subsidiaries. The entering into of the capital increase subscription agreement and the capital increase subscription thereunder are not expected to harm the overall interests of the bank and its shareholders, and are expected to have no material impact on the bank's normal operating activities and financial position.