Zhejiang Merchants Bank: Hengdian Group Holdings Limited reduced its stake in the company by 0.88%

Zhejiang Merchants Bank announced that Hengdian Group Holding Co., Ltd. will reduce its holdings of Zhejiang Merchants Bank's A-shares by 242 million shares through bidding from April 18, 2025 to May 19, 2025, accounting for 0.88% of the total share capital of the company. After this equity change, Hengdian Group Holding Co., Ltd.'s proportion of shares in Zhejiang Merchants Bank has decreased from 5.88% to 4.99%. This reduction will not trigger a tender offer and will not result in Zhejiang Merchants Bank having a controlling shareholder or actual controller.