（於中華人民共和國註冊成立的股份有限公司） （股份代號：3698） 暫停辦理股份過戶登記 徽商銀行股份有限公司（「本行」）董事會（「董事會」）宣佈，本行擬於2026年2月2 日（星期一）舉行2026年第一次臨時股東大會（「臨時股東大會」）。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 Huishang Bank Corporation Limited* 徽商銀行股份有限公司 * 中國安徽省合肥市 2025年12月16日 於本公告日期，本行董事會成員包括執行董事孔慶龍；非執行董事馬淩霄、 盧浩、王朝暉、左敦禮、Gao Yang（高央）及王文金；獨立非執行董事戴培昆、 周亞娜、劉志強、殷劍峰、黃愛明及徐佳賓。 * 徽商銀行股份有限公司根據銀行業條例（香港法例第155章）並非一家認可機構，並非受限 於香港金融管理局的監督，及不獲授權在香港經營銀行╱接受存款業務。 為確定有權出席臨時股東大會的股東名單，本行將於2026年1月3日（星期六）至 2026年2 ...

本次交易涉及其他关联方：阳光保险集团股份有限公司。 智通财经APP获悉，香港联交所最新资料显示，12月9日，阳光人寿保险股份有限公司减持徽商银行 (03698)576.9万股，每股作价3.3079港元，总金额约为1908.33万港元。减持后最新持股数目约为3.45亿 股，最新持股比例为9.92%。 ...

香港联交所最新资料显示，12月9日，阳光人寿保险股份有限公司减持徽商银行(03698)576.9万股，每股 作价3.3079港元，总金额约为1908.33万港元。减持后最新持股数目约为3.45亿股，最新持股比例为 9.92%。 本次交易涉及其他关联方：阳光保险集团股份有限公司。 ...

Group 1 - The core viewpoint of the news is that Huishang Bank Co., Ltd. has been fined for various regulatory violations, including inadequate management of financial advisory services and non-compliance with off-site business operations [2][3] - Huishang Bank was fined 6.65 million yuan for failing to manage its financial advisory business properly and for non-compliance in off-site operations [2][3] - Related responsible individuals, Yi Feng and Zhao Weiwei, received warnings and were collectively fined 110,000 yuan, while Wang Kaizhi was also warned [2][3] Group 2 - Additionally, Huishang Bank faced a fine of 1.5 million yuan for violations related to loan issuance, inadequate post-loan management, and improper management of credit card and wealth management businesses [3] - Responsible individuals Li Wei and Sun Ting were warned and collectively fined 100,000 yuan, while Ding Guo received a warning [3]

Core Viewpoint - China Chengxin International has assigned a "AAA" rating to Huishang Bank's 2025 subordinated capital bonds, highlighting the bank's significance in the national and Anhui financial system, as well as its strong brand recognition and growth prospects in the region [1]. Group 1: Credit Strengths - Huishang Bank is recognized for its importance in the national and Anhui financial systems, benefiting from a favorable development outlook in its operating location [1]. - The bank has a high brand recognition in the local market and has expanded its business through five branches outside the province, providing greater growth opportunities [1]. Group 2: Challenges - The bank faces several challenges, including downward pressure on loan quality and ongoing risk asset disposal from Baoshang Bank [1]. - Profitability growth is under pressure, and liquidity management presents certain difficulties [1]. - There is ongoing pressure to supplement core Tier 1 capital [1]. Group 3: Government Support - The rating also takes into account the support from the central government and the Anhui provincial government for Huishang Bank [1]. Group 4: Future Outlook - China Chengxin International believes that Huishang Bank's credit level will remain stable over the next 12 to 18 months [2].

Core Viewpoint - Huishang Bank is currently experiencing stable development despite the recent resignation of its chairman, with a focus on expanding its lending business due to declining net interest income [2][3][4]. Financial Performance - In the first half of 2025, Huishang Bank achieved operating income of 21.157 billion yuan, a year-on-year increase of 2.25%, and a net profit of 9.328 billion yuan, up 3.81% [2][13]. - The bank's net interest income for the first half of 2025 was 14.53 billion yuan, reflecting a decrease of 1.06% year-on-year [2][13]. - By the end of September 2025, the bank's total assets were approximately 2.3 trillion yuan, representing a growth of 14.1% since the beginning of the year [6][18]. - For the first three quarters of 2025, the net profit reached 14.149 billion yuan, marking a year-on-year growth of 6.38% [17]. Business Strategy - Huishang Bank is actively expanding its internet loan business, collaborating with 39 companies, including 9 marketing partners and 11 co-lending institutions [4][15]. - The bank's current focus is on enhancing its lending operations to counteract the stagnation in traditional deposit and loan profitability [3][4][14]. Compliance Issues - The bank has faced significant compliance challenges, receiving fines totaling 8.15 million yuan for various violations, including improper loan issuance and credit card management [20][22]. - In October, the bank was fined 2.4 million yuan for inadequate management of loan products, leading to a total penalty exceeding 10 million yuan within two months [21][22]. - Following these issues, Huishang Bank is undergoing internal adjustments, including the elimination of its supervisory board and revisions to its governance rules [23][24].

Core Insights - Huishang Bank is enhancing its "One County, One Policy" service model to support local industries, focusing on agricultural financing and innovation to strengthen local economic development [1][2][3] Group 1: Agricultural Financing Initiatives - As of October 2025, Huishang Bank's personal inclusive agricultural loans reached 7.145 billion yuan, with an increase of 1.668 billion yuan since the beginning of the year, serving 158 agricultural specialty customer groups [1] - The bank has implemented a "One County, One Industry, One Characteristic" service brand to address financing challenges faced by local aquaculture farmers, utilizing a "insurance+" model to support the entire funding needs of the aquaculture sector [2][3] - In Wuwei City, the bank has provided over 24 million yuan in loans to 66 aquaculture entities, facilitating the purchase of quality crab seedlings and infrastructure improvements for rice-shrimp farmers [3] Group 2: Support for Specialty Crop Industries - Huishang Bank is actively supporting the chili pepper industry in Funan County by offering credit products like "Huino Agricultural Revitalization Loan," which has provided over 5.5 million yuan to more than 10 chili growers and processors [4][5] - The bank's financial support has enabled the chili industry to transition from large-scale planting to a full-chain upgrade, resulting in products like chili sauce being sold nationwide [5] Group 3: Green Packaging Industry Development - The green packaging industry in Tongcheng City has been recognized as a national characteristic industrial cluster, with Huishang Bank engaging over 2,000 small and micro enterprises to understand their funding needs [6][7] - The bank has completed scene-based credit approvals for over 200 enterprises in Tongcheng, with a loan balance exceeding 500 million yuan, addressing the cash flow challenges faced by local businesses [7]

Core Insights - The awards for financial bond underwriting and market-making have been announced, recognizing various banks and securities firms for their outstanding performance in the industry [1][2][3][4][5][6][7] Group 1: Outstanding Underwriters - The title of "Outstanding Underwriter" was awarded to several banks, including CITIC Bank, Shanghai Pudong Development Bank, and Industrial and Commercial Bank of China [1][2] - A total of 10 banks were recognized as "Excellent Underwriters," highlighting their contributions to the financial bond market [1] Group 2: Excellent Market Makers - The "Excellent Market Maker" category included firms such as Huatai Securities and CITIC Securities, showcasing their role in enhancing market liquidity [2][4] - A diverse range of banks, including Ping An Bank and Industrial Bank, were acknowledged for their market-making capabilities [2][4] Group 3: Special Awards - Special awards were given for various categories, including "Debt Sea Rising Award" and "Green Low Carbon Award," recognizing banks like Agricultural Bank of China and Postal Savings Bank of China for their innovative approaches [3] - The "Technology Innovation Award" was awarded to banks that demonstrated significant advancements in financial technology [3] Group 4: Individual Recognitions - Individual awards were presented to key personnel from various banks, such as CITIC Bank's Sun Wei and China Everbright Bank's Liu Yan, acknowledging their leadership in driving financial bond initiatives [4][5] - The "Outstanding Underwriting Supervisor" category highlighted individuals from major banks, emphasizing the importance of leadership in underwriting processes [5]

Core Insights - Anhui Province is actively developing into a significant hub for technological innovation, with Hefei City as a focal point for tech enterprises, supported by financial institutions like Huishang Bank [1] Group 1: Financial Support for Tech Enterprises - Huishang Bank has created a specialized product matrix and improved its financial service system to enhance support for technological innovation in Anhui [1] - A specific tech company in Hefei benefited from Huishang Bank's financial support, receiving a total of 410,000 yuan in loans to address initial funding shortages and support growth during key e-commerce events [2] - The bank's "Common Growth Plan" allows tech companies to secure long-term, low-cost financing while providing banks with priority in various financial services [3] Group 2: Innovative Financial Products - Huishang Bank has developed a comprehensive financial product system tailored to the lifecycle of tech enterprises, including products like "Tech Talent Loan," "Tech R&D Loan," and "Tech Achievement Transformation Loan" [4] - The bank has introduced an online loan product called "Knowledge e-loan," which allows tech companies to leverage their intellectual property for financing, with a maximum credit limit of 10 million yuan [5] - Since the launch of the "Knowledge e-loan" in May, the loan balance has exceeded 300 million yuan, demonstrating the effectiveness of the bank's innovative approach to financing [5] Group 3: Commitment to Local Economic Development - Huishang Bank aims to support the "Three Regions and One District" initiative in Anhui, focusing on high-quality economic development and industrial transformation [5] - The bank is committed to enhancing its role in the local economy by promoting various financial sectors, including technology finance, green finance, inclusive finance, pension finance, and digital finance [5]

Core Viewpoint - Anhui Province is actively developing into a significant hub for technological innovation, with Hefei City as a focal point for tech enterprises, supported by financial institutions like Huishang Bank to enhance the quality of financial services for tech innovation [1] Group 1: Financial Support for Tech Enterprises - Huishang Bank has created a specialized product matrix and improved its financial service system to support the growth of tech companies in Anhui [1] - A specific tech company in Hefei benefited from Huishang Bank's financial support, receiving a total of 410 million yuan in loans to address its funding challenges during its early stages [2] - The bank's proactive approach included assessing the company's potential despite its lack of collateral and providing timely financial assistance [2] Group 2: Joint Growth Plan - The People's Bank of China in Anhui initiated the "Joint Growth Plan" to address the mismatch of risk and return in tech financing, allowing companies to secure long-term, low-cost financing [3] - Huishang Bank was among the first to participate in this plan, offering a 15 million yuan credit line to the tech company under a three-year agreement [3] - This plan enables banks to gain priority in various financial services while providing companies with stable funding [3] Group 3: Technology and Financial Integration - Huishang Bank aims to explore new models for high-quality development in tech finance, with over 13,000 tech loan accounts and a balance exceeding 210 billion yuan as of September 2025 [4] - The bank has established a specialized organizational structure to enhance its service coverage for tech enterprises, developing a comprehensive suite of financial products tailored to different stages of a company's lifecycle [4] - A "Technology Flow" evaluation system has been developed to assess tech companies based on their innovation capabilities, complementing traditional financial assessment methods [4] Group 4: Intellectual Property Financing - Huishang Bank has innovated a self-assessment system for intellectual property value and launched an online pledge loan product called "Zhi e Loan" to facilitate financing for tech companies [6] - This product allows companies to convert their intellectual property into financial resources, with a credit limit of up to 10 million yuan and a maximum term of three years [6] - Since its launch, the "Zhi e Loan" product has seen a loan balance exceeding 300 million yuan, indicating strong demand for intellectual property financing solutions [6] Group 5: Commitment to Local Economic Development - Huishang Bank is committed to supporting the local economy by focusing on various financial sectors, including tech finance, green finance, inclusive finance, pension finance, and digital finance [5][6] - The bank aims to contribute significantly to the high-quality development of Anhui Province by aligning its strategies with local development goals [5][6]