The board of directors of Shengjing Bank Co. Ltd. announced that the establishment of Sheng Yin Consumer Finance Company Limited has recently been approved by the China Banking Regulatory Commission. After completion of the establishment work, the Consumer Finance Company will apply to the CBRC Liaoning Bureau for the operation approval in accordance with relevant regulations and procedures.

The registered capital of the Consumer Finance Company is RMB 300 million, of which RMB 180 million will be contributed by the Bank, RMB 60 million will be contributed by Shun Feng Investment and Industrial Co. Ltd. and RMB 60 million will be contributed by Da Lian De Xu Commerce and Trade Co. Ltd. The Bank, Shun Feng and De Xu will hold 60%, 20% and 20% of the equity interest in the Consumer Finance Company, respectively.

The Bank will use its internally generated funds to make such capital contribution.