ZJOFHC(SH:600120) Zheng Quan Zhi Xing·2025-08-29 11:44Core Viewpoint - Zhejiang Oriental Financial Holding Group Co., Ltd. has completed the acquisition of shares in Hangzhou United Rural Commercial Bank, which is a related party transaction involving a total investment of approximately 140 million RMB [1][2][3]. Transaction Overview - The company and its controlling shareholder, Zhejiang International Trade Group Co., Ltd., acquired 0.6970% and 5.9319% of Hangzhou United Bank's shares at a price of 9.7 RMB per share, totaling 14,741.86 million RMB and 125,463.08 million RMB respectively [1][2]. - The total shares acquired by the company amount to 15,197,790 shares, representing a total of 6.7570% of the bank's shares [2][3]. Transaction Progress - The acquisition has received approval from the Zhejiang Regulatory Bureau of the National Financial Supervision Administration, and the ownership transfer process has been completed as of the announcement date [2][3]. Impact on the Company - The acquisition price is below the fair value of the identifiable net assets of Hangzhou United Bank, leading to an expected non-recurring gain of approximately 130 million RMB for the current fiscal year [2][3]. - Following the acquisition, the company holds a total of 3.94% of Hangzhou United Bank's shares, aiming to enhance its financial business development and overall competitiveness through this partnership [4].