Four Village and Town Banks announced that it expects to receive funding from Bank of Beijing Co., Ltd.

Four Village and Town Banks announced a private placement of common shares on August 26, 2020. The transaction will include participation from Bank of Beijing Co., Ltd. (SHSE:601169). The transaction has been approved by the shareholders at the 5th directorate meeting of 2020 of Bank of Beijing Co., Ltd. (SHSE:601169).