Bank of China Limited (SEHK:3988) signed share transfer agreement to acquire 5% from Shanghai Gu Yuan Property Development Company Limited for CNY 1.1 billion on August 30, 2022. Both parties have obtained the approval of the China Banking and Insurance Regulatory Commission and/or the Shanghai Regulatory Bureau of the China Banking and Insurance Regulatory Commission for this transaction.

Bank of China Limited (SEHK:3988) completed the acquisition of 5% from Shanghai Gu Yuan Property Development Company Limited for CNY 1.1 billion on August 31, 2022.