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

On March 27, Zhongyuan Bank issued an announcement stating that on March 27, 2026, the board of directors of Bonyin Financial Leasing Co., Ltd. (“Bonyin Financial Leasing”) and the board of directors of Luoyin Financial Leasing Co., Ltd. (“Luoyin Financial Leasing”) each passed resolutions regarding the launch of work related to Bonyin Financial Leasing’s absorption-type merger with Luoyin Financial Leasing (the “Potential Absorption Merger”).

Bonyin Financial Leasing is a non-bank financial institution primarily engaged in financial leasing business. Bonyin Financial Leasing was established in August 2013, with its headquarters in Zhengzhou City, Henan Province. It mainly engages in financing lease business, the transfer and assignment of financing lease assets, fixed-income securities investment business, receiving lease security deposits from lessees, and other businesses. Bonyin Financial Leasing is a subsidiary of Zhongyuan Bank, with Zhongyuan Bank holding 90% of its equity.

Luoyin Financial Leasing is a non-bank financial institution primarily engaged in financial leasing business. Luoyin Financial Leasing was established in December 2014, with its headquarters in Luoyang City, Henan Province. It mainly engages in financing lease business. Luoyin Financial Leasing is a subsidiary of Zhongyuan Bank, with Zhongyuan Bank holding 57.5% of its equity. As of the date of this announcement, Zhongyuan Trust Co., Ltd. and Luoyang Sinomine Heavy Industry Group Co., Ltd. each hold 10% of the equity in Luoyin Financial Leasing; therefore, pursuant to Chapter 14A of the Listing Rules, each constitutes an associate of the bank at the subsidiary level.

Zhongyuan Bank stated that the Potential Absorption Merger can 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 can integrate the product systems of Bonyin Financial Leasing and Luoyin Financial Leasing, launch more diverse financing lease products, meet the differentiated needs of different customer types, and achieve business synergy. The Potential Absorption Merger will also optimize the asset quality of Bonyin Financial Leasing and enhance its ability to withstand risks.

At the same time, the Potential Absorption Merger is an important initiative for Zhongyuan Bank to build a “diversified” integrated financial services system. After the merger, Bonyin Financial Leasing will become an important platform for the bank to serve the real economy, helping to improve the bank’s overall financial services capability and market competitiveness.

(Zhongyuan Bank)

(Editor: Qian Xiaorui)

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