YOUNGOR Holds The Number Of Shares Of Ningbo Bank, Representing 12.16% Of The Total Share Capital.

< p > today, the Bank of Ningbo issued a notice on the change of shareholders' equity. As of July 23, 2014, the number of shares held by YOUNGOR bank in Ningbo has accounted for 12.16% of the total share capital of Ningbo bank.

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"P > as early as July 19, 2007" a href= "http://" www.sjfzxm.com/news/index_c.asp "> Ningbo < /a > bank listing, YOUNGOR held 179 million shares of Ningbo bank, accounting for 7.16% of the total share capital of Ningbo bank.

Since then, through repeated holdings and participation in fixed growth, as of July 23rd, YOUNGOR has held 351 million shares of Ningbo bank, and its shareholding ratio has increased to 12.16%.

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< p > for the reasons for the renewed placards, YOUNGOR said it is mainly based on the analysis of the Bank of Ningbo "a href=" http:// www.sjfzxm.com/news/index_c.asp "> investment value < /a > forecast and future prospects.

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< p > at present, the largest shareholder of Ningbo bank is Ningbo Development Investment Group Co., Ltd. and its concerted action. The shareholding ratio is 18.59%. After YOUNGOR's holdings, the difference between the two banks is less than 7%, and the shareholding ratio of both banks is less than 20%. Therefore, Ningbo bank has no controlling shareholder and no actual controller.

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< p > but < a href= "http:// www.sjfzxm.com/news/index_c.asp" > YOUNGOR < /a > indicates that the next 12 months will continue to increase holdings, which may bring certain variables.

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< p > in addition, YOUNGOR's medium-term performance increase is also related to the Bank of Ningbo. The company announced in July 18th that the net profit in the half year of 2014 is expected to increase by 70% to 90% compared with the same period last year.

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< p > the reason is that since January 1, 2014, the company has changed the accounting method of Ningbo bank from the sale of financial assets to long-term equity investment, and has recognized the gains and losses by the equity method.

The resulting book value difference will increase the net profit for the company by about 640 million yuan.

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