Zhongyuan Bank Co., Ltd. (SEHK:1216) agreed to acquire Bank of Luoyang Co.,Ltd., Bank of Pingdingshan Co., Ltd. and Bank of Jiaozuo China Travel Services Co., Ltd. for CNY 4.5 Billion on October 27, 2021. The transaction has been approved by the Board of Zhongyuan Bank Co., Ltd. Raymond Li, Chaobo Fan and Jodie Lee of Paul Hastings LLP acted as legal advisor to Zhongyuan Bank Co., Ltd.

Zhongyuan Bank Co., Ltd. (SEHK:1216) acquired Bank of Luoyang Co.,Ltd., Bank of Pingdingshan Co., Ltd. and Bank of Jiaozuo China Travel Services Co., Ltd. on May 25, 2022. The transaction has received approval from The China Banking and Insurance Regulatory Commission on May 25, 2022. As of May 25, 2022, the Bank has also obtained the anti-trust clearance in connection with the Merger by Absorption by State Administration for Market Regulation of PRC on 1 March 2022, and completed the H Share Placement on 10 May 2022. Maxa Capital Limited acted as financial advisor to Zhongyuan Bank Co., Ltd.