ZYBANK (01216) has announced that on March 27, 2026, the boards of Bangyin Financial Leasing Co., Ltd. (Bangyin Leasing) and Luoyang Financial Leasing Co., Ltd. (Luoyang Leasing) respectively passed resolutions to initiate work related to the absorption and merger of Luoyang Leasing by Bangyin Leasing (the potential merger). Bangyin Leasing is a non-bank financial institution primarily engaged in financial leasing business. Established in August 2013 and headquartered in Zhengzhou, Henan Province, Bangyin Leasing is mainly involved in finance leasing business, the transfer and acquisition of finance lease assets, fixed-income securities investments, and accepting lease deposits from lessees. Bangyin Leasing is a subsidiary of the Bank, which holds a 90% equity stake. Luoyang Leasing is a non-bank financial institution primarily engaged in financial leasing business. Established in December 2014 and headquartered in Luoyang, Henan Province, Luoyang Leasing is mainly involved in finance leasing business. Luoyang Leasing is a subsidiary of the Bank, which holds a 57.5% equity stake. As of the date of this announcement, Zhongyuan Trust Co., Ltd. and Luoyang Zhongye Heavy Industry Group Co., Ltd. hold 10% stakes in Luoyang Leasing respectively, thus constituting the Bank's connected persons at the subsidiary level under Chapter 14A of the Listing Rules. The potential merger is expected to lay a foundation for the long-term stable development of the Group, enhancing its capital strength and market competitiveness. It will integrate the product systems of Bangyin Leasing and Luoyang Leasing, enabling the launch of a richer array of finance leasing products to meet the differentiated needs of various types of clients and achieve business synergies. The potential merger will also optimize the asset quality of Bangyin Leasing and strengthen its risk resilience. This potential merger is a significant step for the Bank in building a "diversified" comprehensive financial services system. The merged Bangyin Leasing will become an important platform for the Bank to serve the real economy, helping to enhance the Bank's overall financial service capabilities and market competitiveness.