On October 18, Lu Xiangyang and Shi Wenxiong who are the chairman and president of Jiangsu Jiangnan Rural Commercial Bank Co., Ltd. (hereinafter referred to as "Jiangnan Rural Commercial Bank") respectively visited Hanhua Financial Holding and Fumin Bank to have in-depth discussions and exchanges on the establishment of a long-term strategic cooperation relationship among the three parties and finally signed a strategic cooperation agreement.

Lu Xiangyang, Shi Wenxiong and their team firstly visited Fumin Bank. During the visit, Yan Dong, executive vice president of Fumin Bank, gave a key introduction to Fumin Bank's establishment process, Internet banking business philosophy and practical exploration. At the symposium held by Hanhua Financial Holding, the management of Hanhua Financial Holding introduced the partner clusters, business development of credit groups, product innovation, risk management and application of financial science and technology, as well as the coordination mechanism and results among different financial instruments under Hanhua Financial Holding. Li Gangyi, vice president of Fumin Bank, introduced Fumin Bank's business development, technology and finance and development strategy. Zhang Guoxiang, Chairman of Hanhua Financial Holding, introduced the company's two-wheel drive strategy of "fintech & industrial finance", and suggested that the three parties should strengthen information exchange, product research and development cooperation to promote the establishment of all-round strategic cooperation through in-depth cooperation in key areas.

Lu Xiangyang fully affirmed Hanhua's partner clusters, risk management of credit groups and product innovation, and Fumin Bank's achievements in technology and finance, and highly recognized Hanhua's coordinated development strategy of "fintech & industrial finance". Lu Xiangyang said that Jiangnan Rural Commercial Bank, Hanhua Financial Holding and Fumin Bank have complementary advantages so that the three parties have greater cooperation space in the fields of industrial and financial cooperation, supply chain finance and technological finance; Jiangnan Rural Commercial Bank has accumulated a large number of high-quality customers and assets during its development for many years. Hanhua and Fumin Bank could make full use of the advantages of management system, network layout, financial technology, etc. to cooperate with Jiangnan Rural Commercial Bank to fully explore and activate the value of existing customers and assets of the Jiangnan Rural Commercial Bank. In addition, he suggested that the three parties should set up special working groups to communicate regularly every two months in order to achieve rapid cooperation in key areas.

Under the witness of the leaders attending the meeting, the three representatives signed a strategic cooperation agreement after the symposium. The three parties will adopt a market-oriented approach to strengthen mutually beneficial and pragmatic cooperation in the fields of personal finance, agriculture, rural areas and small and medium-sized finance, corporate finance, trade finance, Internet finance, electronic banking, investment banking, asset management, inter-industry finance, etc.

Attendees at the symposium and signing ceremony included Chairman Lu Xiangyang, President Shi Wenxiong, Vice President Zhou Jingjie, Vice President Sun Liang, Party Committee Member Qi Daofu, Party Committee Member Chen Yuezhong, Board Secretary Liu Ke, and heads of the Information Technology Department, Data Analysis Department and Internet Finance Department of the Jiangnan Rural Commercial Bank, Chairman Zhang Guoxiang, President Cui Weilan, Executive President Zhou Xiaochuan and Vice President Luo Xiaobo of Hanhua Financial Holding, Executive Vice President Yan Dong and Vice President Li Gangyi of Fumin Bank.

Jiangnan Rural Commercial Bank is the country's first prefecture-level joint-stock rural commercial bank established in December 2009 in Changzhou City, Jiangsu Province with the approval of the State Council and the China Banking Regulatory Commission. Since its establishment, the bank has been adhering to the strategic vision of "building the first-class brand of China's rural commercial banks" and the development directions of "serving agriculture, rural areas and farmers, serving small and medium-sized enterprises, boosting the economic construction of urban and rural integration" and "integrating, informatization and centralization". Currently, the bank is the largest rural small and medium-sized financial institution in Jiangsu Province, with 16 types of banking financial licenses. By the end of 2018, Jiangnan Rural Commercial Bank had a registered capital of RMB 8.657 billion and total assets of RMB 365.643 billion. In the 2018 list of the world's top 1,000 banks released by The Banker, the authoritative global magazine, Jiangnan Rural Commercial Bank ranked 341st in the global banking industry and 53rd in the domestic banking industry with a long-term credit rating of AAA.