On November 14, Bank of Chongqing (BCQ) announced the progress of its shareholder equity change, confirming that the market supervision authority has completed the registration procedures for the related non-transferable equity adjustment.

The bank had previously disclosed a "Notice on Shareholder Equity Change" on October 10, 2025. This adjustment aligns with the directives of the municipal committee's fourth, fifth, and sixth plenary sessions, as well as the latest work arrangements by the municipal government. It also complies with the State-owned Assets Supervision and Administration Commission's reform requirements to streamline core operations and enhance key functions.

According to a notice from the Chongqing State-owned Assets Supervision and Administration Commission, Chongqing Yuli Commercial Management Co., Ltd., a subsidiary of Chongqing Yuxinchuang Commercial Management Co., Ltd. (which shares the same controlling shareholder with Yufu Capital), has transferred its 100% equity stake in Chongqing Yuli Materials Co., Ltd. ("Yuli Materials") to Chongqing Guochuang Investment Management Co., Ltd. without compensation.

As Yuli Materials holds 629,499 A-shares of Bank of Chongqing, this transfer results in a change in the composition of Yufu Capital and its acting-in-concert parties, with Yuli Materials no longer being classified as such.