Zhongyuan Bank: Bangyin Financial Leasing Plans to Acquire and Merge with Luoyin Financial Leasing

On March 27, Zhongyuan Bank announced that on March 27, 2026, the board of directors of Bangyin Financial Leasing Co., Ltd. (“Bangyin Leasing”) and the board of directors of Luoyang Financial Leasing Co., Ltd. (“Luoyang Leasing”) respectively approved the proposal to initiate the relevant work for the absorption merger of Bangyin Leasing and Luoyang Leasing (“Potential Absorption Merger”).

Bangyin Leasing is a non-bank financial institution mainly engaged in financial leasing business. Established in August 2013, it is headquartered in Zhengzhou, Henan Province, and primarily engages in financing leasing business, transferring and accepting financing leasing assets, fixed-income securities investment, and accepting rental deposits from lessees. Bangyin Leasing is a subsidiary of Zhongyuan Bank, holding 90% of its equity.

Luoyang Leasing is a non-bank financial institution mainly engaged in financial leasing business. Established in December 2014, it is headquartered in Luoyang, Henan Province, and primarily engages in financing leasing business. Luoyang Leasing is a subsidiary of Zhongyuan Bank, holding 57.5% of its equity. As of the date of this announcement, Zhongyuan Trust Co., Ltd. and Luoyang Zhongye Heavy Industry Group Co., Ltd. each hold 10% of the shares of Luoyang Leasing, thus constituting related parties at the subsidiary level according to the Listing Rules Chapter 14A.

Zhongyuan Bank stated that the Potential Absorption Merger could lay a foundation for the group’s long-term stable development and enhance the group’s capital strength and market competitiveness. The Potential Absorption Merger could integrate the product systems of Bangyin Leasing and Luoyang Leasing, launching a richer array of financing leasing products to meet the differentiated needs of various types of clients and achieve business synergy. The Potential Absorption Merger would also optimize the asset quality of Bangyin Leasing, enhancing its risk resilience.

At the same time, the Potential Absorption Merger is an important measure for Zhongyuan Bank to build a “diversified” comprehensive financial service system. The merged Bangyin Leasing will become an important platform for the bank to serve the real economy, helping to enhance overall financial service capability and market competitiveness.

(Zhongyuan Bank)

(Editor: Qian Xiaorui)

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