Core Viewpoint - The ongoing struggle of small and medium-sized commercial banks in China is highlighted by the urgent need for asset quality improvement and compliance with stringent capital regulations, as exemplified by Bohai Bank's plan to transfer approximately RMB 698.33 billion in debt assets [1][2][3] Group 1: Asset Transfer Details - Bohai Bank announced the public transfer of debt assets with a principal amount of approximately RMB 499.37 billion and additional costs of around RMB 200 billion, totaling about RMB 698.33 billion [1] - The bank has set a preliminary minimum price of no less than RMB 488.83 billion for the asset transfer, representing a discount of about 30% from the total debt [1][2] - This marks the second consecutive year of significant asset divestiture for Bohai Bank, driven by a rising non-performing loan (NPL) ratio of 1.81% and an NPL balance of RMB 175.35 billion as of June 2025 [1][3] Group 2: Asset Quality and Market Dynamics - The urgency of the asset sale is underscored by the presence of "sunk assets," with over 55% of the 174 debt claims being long-term assets aged over five years, which are difficult to recover and consume high capital [2] - The bank's strategy reflects a broader trend among small and medium-sized banks in China, where the focus is shifting from holding onto non-performing assets to liquidating them at a discount to regain financial flexibility [3][4] Group 3: Future Considerations and Strategic Transformation - The successful completion of this asset transfer is expected to yield a positive financial impact of approximately RMB 5.73 billion and significantly improve the bank's capital adequacy ratio [6] - However, the real challenge lies in whether Bohai Bank can effectively utilize this "rescue capital" to achieve a strategic transformation, including developing a more prudent credit culture and diversifying revenue sources [6][7] - The case of Bohai Bank serves as a critical reference point for other small and medium-sized banks in China, as it navigates the complexities of asset management and the need for a fundamental shift from growth-driven to quality-driven strategies [7]

Core Viewpoint - Bohai Bank plans to optimize its asset structure and reduce capital usage by publicly transferring approximately 69.833 billion yuan of debt assets, marking the largest asset disposal action in recent years [1][2]. Group 1: Asset Details - The asset package involves 174 debt claims with a principal amount of approximately 49.937 billion yuan, interest of about 10.436 billion yuan, penalty interest of around 9.334 billion yuan, and judicial fees of approximately 0.126 billion yuan, totaling 69.833 billion yuan, with a book net value of about 48.310 billion yuan [2]. - The board has set a preliminary minimum total price of no less than 70% of the total debt amount, approximately 48.883 billion yuan, which, if achieved, is expected to yield a positive financial impact of about 0.573 billion yuan for the bank [2]. Group 2: Asset Characteristics - Approximately 55% of the principal of the debt claims is over 5 years old, indicating that these assets are primarily historical and have a high recovery difficulty [2]. - The debt types include loans (108 claims), asset management plans (32 claims), bills (32 claims), factoring (2 claims), and letters of credit (1 claim), totaling 174 claims [2]. Group 3: Strategic Intent - The transfer aims to enhance the bank's ability to serve the real economy by clearing long-standing, high capital-occupying, and illiquid assets, which is expected to significantly improve asset quality, reduce risk asset occupation, and enhance capital adequacy and profitability [2]. Group 4: Market Considerations - There are uncertainties regarding the asset disposal, including the risk for buyers at the set price and the potential for lower market acceptance, which could affect the bank's capital plans and asset quality improvement process [3]. - The potential buyers include China Cinda, Orient Asset, Great Wall Asset, Citic Financial Asset, and Tianjin Jinrong, among others [4]. Group 5: Historical Context - This is not the first instance of Bohai Bank transferring non-performing assets; in 2024, the bank previously transferred debt assets totaling 39.67 billion yuan and 207.24 billion yuan, with the total problematic assets disposed of reaching 104.465 billion yuan [4].

Core Viewpoint - Several banks, including Bohai Bank and Guangzhou Rural Commercial Bank, are actively disposing of non-performing assets to improve asset quality and reduce non-performing loan ratios, with significant amounts involved in these transactions [1][2]. Group 1: Asset Disposal Announcements - Bohai Bank announced plans to publicly transfer debt assets exceeding 50 billion RMB, including principal and interest [1]. - Guangzhou Rural Commercial Bank plans to sell approximately 18.93 billion RMB in debt assets, while Hainan Rural Commercial Bank is seeking asset evaluation for its non-performing assets [1]. - The asset disposal activities are expected to enhance capital adequacy ratios and overall profitability for the banks involved [2]. Group 2: Current Market Conditions - The banking sector is experiencing a relatively quiet fourth quarter, prompting banks to accelerate the disposal of non-performing assets before year-end [1]. - A report from Guoxin Securities indicates that the overall non-performing loan generation rate for listed banks has stabilized around 0.7%, down from a peak in 2015, but still reflects ongoing asset quality pressures, particularly in retail sectors [1][3]. Group 3: Performance of Non-Performing Loans - As of June 2023, the total non-performing loan balance for commercial banks was 3.43 trillion RMB, with a non-performing loan ratio of 1.49%, showing slight improvements [3]. - The non-performing loan ratios for different types of banks are as follows: state-owned banks at 1.21%, joint-stock banks at 1.22%, city commercial banks at 1.76%, and rural commercial banks at 2.77% [3]. - Retail loan categories, including personal housing and consumption loans, are experiencing rising non-performing rates, indicating emerging risks in the retail sector [3].

Core Viewpoint - Bohai Bank plans to publicly transfer debt assets totaling approximately RMB 499.37 billion in principal, RMB 104.36 billion in interest, and RMB 93.34 billion in penalty interest, aiming to optimize its asset structure and enhance its ability to serve the real economy [2][3] Group 1: Asset Transfer and Financial Strategy - The bank's asset transfer is intended to optimize its asset structure and reduce capital occupation, which is crucial for improving service to the real economy [2] - The total book value of the transferred assets is approximately RMB 483.1 billion, with a minimum transfer price set at around RMB 488.83 billion, roughly 70% of the total debt [2] - Bohai Bank has been actively transferring non-performing assets since last year, drawing attention to its operational strategies and models [2][3] Group 2: Financial Performance and Cost Management - In 2024, Bohai Bank reported operating income of RMB 254.82 billion, a year-on-year increase of 1.94%, and a net profit of RMB 52.56 billion, up 3.44% [3] - For the first half of 2025, the bank achieved revenue of RMB 142.15 billion, a growth of 8.14%, and a net profit of RMB 38.30 billion, increasing by 3.61% [3] - The bank has successfully reduced its cost-to-income ratio to 32.17% in the first half of 2025, a decrease of 6.52 percentage points compared to the same period in 2023 [3] Group 3: Risk Management and Strategic Positioning - Bohai Bank has proactively addressed risk management challenges since 2023, significantly increasing the scale of non-performing asset recovery and leading the industry in clearing internet-assisted lending business [4][5] - The bank's strategic approach to risk management has led to a stable outlook upgrade from Standard & Poor's [4] - Analysts emphasize the importance of clear business positioning for banks to avoid homogenization and enhance resource allocation efficiency in a complex market environment [5]

Core Viewpoint - Bohai Bank plans to publicly transfer debt assets totaling approximately RMB 499.37 billion in principal, with interest and penalties amounting to RMB 104.36 billion and RMB 93.34 billion respectively, and judicial expenses of RMB 1.26 million, aiming to improve asset quality and capital utilization [1] Group 1: Asset Transfer Details - The total book value of the assets to be transferred is approximately RMB 483.1 billion as of December 31, 2024 [1] - The initial minimum total transfer price is set at no less than approximately RMB 488.83 billion, which is about 70% of the total debt amount [1] Group 2: Strategic Implications - The sale is expected to clear long-standing, low-liquidity assets, significantly improving the bank's asset quality and optimizing its asset structure [1] - The transaction aims to save on risk asset occupation, enhance capital adequacy ratio, and improve capital utilization and profitability [1] - This move is anticipated to strengthen the bank's risk resistance capabilities, thereby enhancing its overall competitiveness and promoting sustainable development [1]

为填补段文务先生离任后该行董事会席位的空缺，经股东国家开发投资集团有限公司提名及董事会提名 薪酬委员会审核，董事会建议委任崔宏琴女士担任该行非执行董事、董事会发展战略和普惠金融委员会 委员职务。 渤海银行(09668)公布，董事会接获段文务先生的辞呈，因工作调整，段文务先生辞任该行非执行董 事、董事会发展战略和普惠金融委员会委员职务，经董事会审议批准，段文务先生的辞任自该行股东大 会选举产生继任非执行董事，及该继任非执行董事取得监管机构任职资格核准之日起生效。在此期间， 段文务先生仍将继续履行该行非执行董事及相关董事会专门委员会职责。 ...

为填补段文务先生离任后该行董事会席位的空缺，经股东国家开发投资集团有限公司提名及董事会提名 薪酬委员会审核，董事会建议委任崔宏琴女士担任该行非执行董事、董事会发展战略和普惠金融委员会 委员职务。 智通财经APP讯，渤海银行(09668)公布，董事会接获段文务先生的辞呈，因工作调整，段文务先生辞任 该行非执行董事、董事会发展战略和普惠金融委员会委员职务，经董事会审议批准，段文务先生的辞任 自该行股东大会选举产生继任非执行董事，及该继任非执行董事取得监管机构任职资格核准之日起生 效。在此期间，段文务先生仍将继续履行该行非执行董事及相关董事会专门委员会职责。 ...

Core Viewpoint - Bohai Bank aims to optimize its asset structure and enhance its ability to serve the real economy by transferring high economic capital-occupying and low liquidity assets through a public listing process [1] Group 1: Asset Transfer Strategy - The bank's board has decided to seek authorization for the transfer of assets to improve asset quality and optimize the asset structure [1] - The proposed asset transfer is expected to significantly enhance the bank's capital adequacy ratio and capital utilization, thereby improving profitability and risk resilience [1] Group 2: Financial Details of the Assets - As of December 31, 2024, the total principal amount of the assets to be transferred is approximately RMB 49.937 billion, with interest amounting to about RMB 10.436 billion, penalty interest of approximately RMB 9.334 billion, and judicial costs of around RMB 0.126 billion [1] - The preliminary minimum total consideration for the transferred assets is set at no less than approximately RMB 48.883 billion, which is about 70% of the total debt rights of the assets as of December 31, 2024 [1]

Core Viewpoint - Bohai Bank plans to optimize its asset structure and enhance its ability to serve the real economy by transferring high economic capital occupation and low liquidity assets through a public listing process by October 10, 2025 [1] Group 1: Asset Transfer Details - The bank aims to clear out long-standing assets that occupy high economic capital and have low liquidity, which is expected to significantly improve asset quality and optimize the asset structure [1] - The assets to be transferred include debt assets with a principal amount of approximately RMB 49.937 billion, interest amounting to about RMB 10.436 billion, penalty interest totaling around RMB 9.334 billion, and judicial costs of approximately RMB 0.126 billion as of December 31, 2024 [1] - The preliminary minimum total price for the transferred assets is set at no less than approximately RMB 48.883 billion, which is about 70% of the total debt amount of the assets being transferred [1] Group 2: Expected Outcomes - The proposed asset transfer is anticipated to save risk asset occupation, improve capital adequacy ratio, enhance capital utilization and profitability, and effectively strengthen the bank's risk resistance capabilities [1] - The overall goal is to further enhance the bank's comprehensive competitiveness and promote sustainable development [1]

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的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 渤海銀行股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：9668） 非執行董事辭任及建議委任非執行董事 非執行董事辭任 渤海銀行股份有限公司（「本行」）董事會（「董事會」）謹此宣佈董事會接獲段文務 先生（「段先生」）的辭呈，因工作調整，段先生辭任本行非執行董事、董事會發展 戰略和普惠金融委員會委員職務，經董事會審議批准，段先生之辭任自本行股東 大會選舉產生繼任非執行董事，及該繼任非執行董事取得監管機構任職資格核准 之日起生效。在此期間，段先生仍將繼續履行本行非執行董事及相關董事會專門 委員會職責。 段先生已確認彼與董事會並無意見分歧，且概無有關其辭任之任何事宜須知會本 行股東（「股東」）、債權人或香港聯合交易所有限公司（「香港聯交所」）。董事會對 段先生任職期間為本行發展做出的貢獻表示衷心感謝。 CHINA BOHAI BANK CO., LTD. 崔宏琴女士的履歷詳情載列如下： ...