Chongqing Development Investment Co.,Ltd entered into an Equity transfer agreement to acquire 3.8% stake in Chongqing Rural Commercial Bank Co., Ltd. (SEHK:3618) from Loncin Holdings Co., Ltd on December 22, 2022. Before this equity change, Loncin Holdings Co., Ltd. held 570,000,000 shares of the listed company, accounting for 5.02% of its total share capital, and after this change in equity, Loncin Holdings Co., Ltd holds 136,778,711 shares of the listed company, accounting for 1.20% of its total share capital, The Chongqing Fifth Intermediate Court ordered the transfer of 433,221,289 shares of Chongqing Rural Commercial Bank Co., Ltd. held by Loncin Holdings Co., Ltd. to Chongqing Development Investment Co., Ltd. on December 22, 2022. Transferred shares represent a 3.81% of the share capital of the target company.

Chongqing Development Investment Co.,Ltd completed the acquisition of 3.8% stake in Chongqing Rural Commercial Bank Co., Ltd. (SEHK:3618) from Loncin Holdings Co., Ltd on December 22, 2022.