The third largest shareholder of Lanzhou Bank, holding approximately 300 million shares, will face foreclosures.

On April 16th, Lanzhou Bank announced that the third largest shareholder of the bank, Huabang Holdings Group, holds about 300 million shares, which will be publicly auctioned on the JD Judicial Auction Platform from 10:00 on May 13th, 2026 to 10:00 on May 14th. The above shares account for 100% of the number of shares held by Huabang Group and 5.28% of Lanzhou Bank's total share capital. The bank stated that if the auction is successful, Huabang Group will no longer be a shareholder of the bank. This shareholder reduction is a passive reduction caused by judicial execution, and there is uncertainty in the timing and price of the reduction. The actual reduction will be subject to the final court execution.