Changshu Bank announced that the company plans to absorb and merge Wuxi Binhu Xingfu Village Bank Co., Ltd. and Jiangsu Xuyi Zhujiang Village Bank Co., Ltd. and transfer 100% of the shares of the two banks. After the merger and absorption is completed, the two merged banks will be dissolved and their legal personality cancelled, and changed to the branch under the jurisdiction of Changshu Bank's Wuxi Branch and the Huai'an Regional Branch, respectively. Changshu Bank will inherit all of their business, assets, debts, and other rights and obligations. This matter does not constitute a major asset restructuring; it still needs to be reviewed and approved by the supervisory authorities, and there is some uncertainty.

Changshu Bank announced that the company plans to absorb and merge Wuxi Binhu Xingfu Village Bank Co., Ltd. and Jiangsu Xuyi Zhujiang Village Bank Co., Ltd. and transfer 100% of the shares of the two banks. After the merger and absorption is completed, the two merged banks will be dissolved and their legal personality cancelled, and changed to the branch under the jurisdiction of Changshu Bank's Wuxi Branch and the Huai'an Regional Branch, respectively. Changshu Bank will inherit all of their business, assets, debts, and other rights and obligations. This matter does not constitute a major asset restructuring; it still needs to be reviewed and approved by the supervisory authorities, and there is some uncertainty.