Core Insights - The company focuses on serving private enterprises as a core strategy, enhancing the financial service system for these businesses in the Kunshan region, contributing to local economic development [1] Group 1: Service Mechanisms - The company employs a "grid + digital" model to continuously update data on private enterprises and create a "credit map," facilitating regular visits and tailored services [2] - A specialized team for small and micro enterprises has been established to coordinate financing efforts, ensuring a consistent service mechanism [2] - The company has implemented a tiered action plan for different client segments, enhancing the frequency and quality of client interactions [2] Group 2: Product Optimization - The company has developed a streamlined product system to meet the "short, frequent, urgent" financing needs of private enterprises, introducing standardized mortgage products and credit products [3] - A proactive mechanism for identifying financing needs of existing clients has been established, ensuring timely support through seamless loan renewals [3] - A dedicated service channel for private enterprises has been created, prioritizing investigation, review, approval, and issuance of loans for listed companies [3] Group 3: Industry Research and Customization - The company integrates deeply into the local industrial ecosystem by promoting village-level credit models and focusing on unique local industries [4] - A strategy of "one bank, one circle, one special project" has been implemented, forming agile teams to develop industry-specific financial solutions [4] - The company collaborates with various industry associations to design specialized products that meet the financial needs of enterprises in specific sectors [4]

Group 1 - The company will implement a cash dividend distribution of 1 yuan (including tax) for every 10 shares held by ordinary shareholders, with 0.5 yuan (including tax) as the dividend portion [2] - The profit distribution plan has been approved by the company's 2024 annual general meeting held on May 20, 2025 [2] - The adjustment of the conversion price for the convertible bonds will be made according to the terms outlined in the company's prospectus [2] Group 2 - The company will disclose the implementation announcement of the dividend distribution and the adjustment of the convertible bond conversion price on May 29, 2025 [3] - The "Ziyin Convertible Bond" will be suspended from conversion from May 28, 2025, until the record date for the dividend distribution, and will resume conversion on the first trading day after the record date [3] - Holders of convertible bonds wishing to enjoy the dividend distribution must convert their bonds before May 27, 2025 [3]

证券代码：601860 证券简称：紫金银行 公告编号：2025-019 本次利润分配方案实施后，将根据《江苏紫金农村商业银行股份有限公司公 开发行 A 股可转换公司债券募集说明书》中发行条款及相关规定对可转债当期转 股价格进行调整。 江苏紫金农村商业银行股份有限公司 关于实施 2024 年年度权益分派时转股连续停牌的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌期间 | 停牌终 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | | | 止日 | | | 113037 | 紫银转债 | 可转债转股停牌 | 2025/5/28 | | | | 一、2024 年年度权益分派方案的基本情况 经江苏紫金农村商业银行股份有限公司（以下简称"公司"）第四届董事会 第二十五次会议审议通过，公司将以实施 2024 年年度权益分派股权登记日的总 股本为基数，向登记在册的普通股股东每 ...

Core Viewpoint - Zijin Bank (601860) announced a temporary suspension of the conversion of its convertible bonds during the period from May 28, 2025, to the equity distribution record date, with conversion resuming on the first trading day after the record date [1] Summary by Relevant Sections - **Dividend Distribution** - The 2024 annual equity distribution plan includes a cash dividend of 1 yuan (before tax) for every 10 shares, with a mid-year cash dividend of 0.5 yuan (before tax) already distributed [1] - The proposed cash dividend of 0.5 yuan (before tax) will be distributed in addition to the mid-year dividend [1] - **Impact on Convertible Bonds** - The implementation of the profit distribution plan will lead to an adjustment in the conversion price of the convertible bonds for the current period [1]

(一) 股东大会召开的时间：2025 年 5 月 20 日 证券代码：601860 证券简称：紫金银行 公告编号：2025-018 江苏紫金农村商业银行股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 (二) 股东大会召开的地点：江苏紫金农村商业银行股份有限公司总部（南京市建邺区江东中 路 381 号） 重要内容提示： (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 非累积投票议案 1、 议案名称：江苏紫金农村商业银行股份有限公司董事会 2024 年度工作报告 审议结果：通过 表决情况： | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | | 票数 | 比例（%） | 票数 | 比例（%） | 票数 | 比例（%） | | A 股 | 1,209,968,752 | 99.6184 | 4,278,8 ...

江苏世纪同仁律师事务所关于 江苏紫金农村商业银行股份有限公司 2024年年度股东大会的 法 律 意 见 书 致。江苏紫金农村商业银行股份有限公司 根据《公司法》等法律、法规和规范性文件以及公司《章程》的规定,本所 受公司董事会的委托,指派本所律师出席公司 2024年年度股东大会,并就本次股 东大会的召集、召开程序、出席会议人员资格、表决程序以及表决结果的合法有 效性等事项出具法律意见书。 为出具本法律意见书,本所律师对本次股东大会所涉及的有关事项进行了审 查,查阅了相关会议文件,并对有关问题进行了必要的核查和验证。 本所律师根据相关法律、法规和规范性文件的要求,按照律师行业公认的业 务标准、道德规范和勤协尽责精神,对本次股东大会进行见证,出具法律意见如 下: 一、关于本次股东大会的召集、召开程序 1. 本次股东大会的召集 本次股东大会由公司董事会召集。2025年4月25日,公司在上海证券交易所 网站(www. sse. com. cn)及法定信息披露媒体刊登了《江苏紫金农村商业银行股 份有限公司关于召开 2024年年度股东大会的通知》。 上述会议通知中载明了本次股东大会的召开时间、地点、会议审议事项、会 议出 ...

Core Viewpoint - Multiple banks are actively responding to investor concerns regarding credit business, asset quality, and strategic planning, indicating a proactive approach to stabilize market expectations and enhance investor confidence [1] Group 1: Credit Business - Banks are aligning their credit support with national policies, focusing on private enterprises and inclusive finance as key areas for lending in 2025 [2] - Qilu Bank plans to increase support for new manufacturing, infrastructure, technology innovation, green finance, and rural revitalization, while maintaining steady growth in corporate credit [2] - Shanghai Rural Commercial Bank has set a credit increment target of 50 billion yuan for the year, with a growth rate of 6% to 7%, emphasizing support for the real economy and private sector [3] Group 2: Asset Quality - The overall asset quality of the banking industry remains stable, with Qilu Bank reporting a non-performing loan (NPL) ratio of 1.17%, down 0.02 percentage points from the beginning of the year [4] - Hangzhou Bank maintains a NPL ratio of 0.76% and a provision coverage ratio of 530.07%, indicating strong asset quality management [4][5] Group 3: Business Strategy Planning - Banks are adopting differentiated development paths, with Lanzhou Bank focusing on its "1363" strategic layout and preparing for future strategic planning [6] - Jiangsu Bank emphasizes a balanced approach to cost reduction and growth, while expanding non-interest income through various services [7] - Chengdu Bank is advancing digital transformation to enhance operational efficiency and drive high-quality development [7] Group 4: Market Opportunities - The banking sector is presented with opportunities due to policy support for green and technology finance, as well as structural monetary policy tools that optimize funding costs [7] - Leading banks can leverage resource advantages to expand wealth management and non-interest income, while regional banks should focus on local industries to build competitive advantages [7]

Investment Rating - The report indicates a cautious outlook for the banking sector, with expected revenue and net profit growth rates for listed banks in 2025 projected at approximately -1% and 0% respectively [3][9]. Core Insights - The overall revenue and net profit growth rates for listed banks in Q1 2025 were -1.7% and -1.2% year-on-year, reflecting a decline compared to Q4 2024 [3][9]. - The performance of different types of banks varied significantly, with city and rural commercial banks leading in growth due to improved scale and net interest margin, while state-owned banks showed weaker performance [3][10]. - The net interest margin for listed banks in Q1 2025 was 1.37%, a decrease of 13 basis points year-on-year, but the decline was less severe than in the previous year [3][9]. Summary by Sections Revenue and Profit Overview - Listed banks experienced a decline in revenue and net profit growth rates, with Q1 2025 figures at -1.7% and -1.2% respectively, marking a drop of 1.8 percentage points and 3.5 percentage points from Q4 2024 [3][9]. - The decline in net interest income was attributed to a narrowing interest margin and challenges in volume compensating for price [9]. Asset Quality and Provisioning - The asset quality remained stable, with a decrease in non-performing loan ratios and a reduction in provisioning pressure, as banks continued to report lower provisions in a challenging income environment [3][9]. - The provision coverage ratio for listed banks decreased to 238% in Q1 2025, reflecting a trend of reduced provisioning amid stable asset quality [3][9]. Investment Recommendations - The report suggests that the banking sector's configuration value is enhanced by both fundamental and liquidity factors, with a focus on key index-weighted stocks such as China Merchants Bank and Industrial and Commercial Bank of China [3][9]. - The report highlights the potential for mid-sized banks to attract capital for growth, particularly in the context of capital replenishment and profitability [3][9].

江苏紫金农村商业银行股份有限公司 2024 年年度股东大会 会议材料 （股票代码：601860） 2025 年 5 月 1 江苏紫金农村商业银行股份有限公司 2024 年年度股东大会会议议程 现场会议时间：2025 年 5 月 20 日（星期二）上午 9:00 现场会议地点：紫金农商银行总行（南京市建邺区江东中路 381 号） 召集人：公司董事会 4.江苏紫金农村商业银行股份有限公司关于 2024 年度财务 决算报告及 2025 年度财务预算的议案 5.江苏紫金农村商业银行股份有限公司关于 2024 年度利润 分配方案的议案 6.江苏紫金农村商业银行股份有限公司 2024 年度监事会对 董事会及其成员履职情况的评价报告 2 主持人：公司董事长邵辉先生 一、主持人宣布会议开始 二、宣布股东大会现场出席情况 三、审议各项议案 1.江苏紫金农村商业银行股份有限公司董事会 2024 年度工 作报告 2.江苏紫金农村商业银行股份有限公司监事会2024年度工作 报告 3.江苏紫金农村商业银行股份有限公司关于 2024 年年度报 告及摘要的议案 7 .江苏紫金农村商业银行股份有限公司 2024 年度监事会对 高级管理层及其 ...

Investment Rating - The report indicates a cautious outlook for the banking sector, with expectations of continued narrowing of interest margin declines due to improved cost management on the liability side [5]. Core Insights - The overall revenue and profit growth rates for listed banks in Q1 2025 were -1.7% and -1.2%, respectively, showing a widening decline compared to 2024 [4]. - Net interest income decreased by 1.7% year-on-year, influenced by factors such as loan repricing and lower new loan rates, but the decline in interest margins is expected to continue to narrow [4][5]. - The overall asset quality remains stable, with a non-performing loan ratio of 1.23% and a provision coverage ratio of 238% [4]. Summary by Sections 1. Performance Overview - Listed banks' overall revenue and profit growth rates for Q1 2025 were -1.7% and -1.2%, respectively, with declines expanding by 1.8 percentage points and 3.5 percentage points compared to 2024 [4]. - The net interest income saw a year-on-year decline of 1.7%, attributed to factors like loan repricing and intensified competition [4]. 2. Revenue Breakdown - Fee and commission income for listed banks decreased by 0.7% year-on-year, with the decline rate narrowing by 8.7 percentage points compared to 2024 [4]. - Other non-interest income fell by 3.2% year-on-year, primarily due to significant fluctuations in the bond market affecting fair value changes [4]. 3. Asset Quality - The non-performing loan ratio stood at 1.23%, slightly down by 1 basis point from the end of Q4 2024, while the provision coverage ratio was 238%, showing a slight decrease of 2 percentage points from the previous year [4]. 4. Future Outlook - The narrowing trend in interest margin declines is expected to continue, supported by improved management of liability costs and stable asset quality [5]. - The report anticipates that the overall profit growth for the year will maintain a trend of quarterly improvement [5].