Changshu Bank (601128) issued a notice on September 22nd, 2021: Guoxin Securities, Southern Fund, Hua'an Fund, Boshi Fund and Jianxin Insurance Management conducted a survey of our company on September 15, 2021, which was conducted by Huiyan, the representative of securities affairs. the relevant staff of the board of directors office are responsible for receiving.

The main contents of this survey are as follows:
1. What are the new measures in business development in the face of competition from other banks in 2021? In the face of competition from other banks, we should not only take the initiative to embrace competition, but also misplace competition. This year, our bank put forward five "directions": first, downward, based on the county, seize the town and village market, and focus on developing customer groups of less than 1 million yuan, less than 300000 yuan and less than 100000 yuan. The second is to be biased, reduce the direct competition with the same industry, focus on excavating areas with insufficient financial supply, and whether other banks pay attention to the customer group. The third is to credit, to increase the proportion of credit loans, and the rigid demand with entities, scenes and reasonable uses is the main direction of credit loans. Fourth, online, through digital transformation, the use of big data, to achieve credit investigation online, service agility, and enhance the proportion of the whole process of online business. Fifth, to integrate, in every organization, to realize the "five-in-one" of teller, family money, small and micro, small business and public business, and everyone strives to be a customer-oriented integrated service manager.
2. Your bank has developed rapidly in recent years, and there is some pressure on the capital adequacy ratio. What is the specific plan for launching the convertible bond project in the near future? With the rapid development of our credit business in recent years, in order to further enhance our ability to serve the real economy, we have recently launched the issuance of convertible bonds, and the relevant proposals have been examined and approved by the Seventh session of the Board of Directors and shareholders' meetings. it still needs to be approved by the regulatory authorities, and we will disclose the follow-up progress of convertible bonds in a timely manner in accordance with the relevant regulations. In the future, we will strengthen endogenous capital accumulation and reduce our dependence on external capital through a series of measures: first, strengthen capital management, actively develop light capital business, continuously increase the proportion of non-interest income, and save capital consumption; second, continuously strengthen endogenous capital accumulation, further optimize business structure, pay attention to debt cost control, strengthen interest margin management, and continuously improve profitability. The third is to flexibly use capital replenishment tools such as sustainable debt and secondary debt to form a diversified and dynamic capital replenishment mechanism and optimize the capital structure.
3. What is the progress and follow-up planning of taking a stake in Zhenjiang Agricultural and Commercial Bank? Is there a future development plan for Zhenjiang Agricultural Bank? Our bank holds 33.33% of the shares of Zhenjiang Agricultural and Commercial Bank, which is its largest shareholder. At present, our bank has assigned 3 directors, 2 senior executives and 1 middle-level manager to Zhenjiang Agricultural and Commercial Bank. The addition of directors and senior executives will help to transmit our strategic direction and business philosophy to Zhenjiang Agricultural and Commercial Bank. At the same time, Zhenjiang Agricultural and Commercial Bank has also sent middle-level cadres to various institutions and departments of our bank to exchange posts. The two sides have carried out comprehensive cooperation in corporate, retail, financial markets, financial management, risk management, financial technology, internal control and compliance, human resources, corporate governance and other areas.

Main business of Changshu Bank: absorbing public deposits; issuing short-term, medium-term and long-term loans; handling domestic settlement; handling bill acceptance and discount; acting issuing, acting payment and underwriting government bonds; buying and selling government bonds and financial bonds; engaged in interbank lending; engaged in bank card debit card business; acting receipt and payment and acting insurance business; providing safe deposit box service Other businesses approved by the banking regulatory authority.

According to the 2021 report of Changshu Bank, the company's main income was 3.68 billion yuan, up 7.71% from the same period last year; the net profit from its parent was 1.001 billion yuan, up 15.52% from the same period last year; the non-net profit was 1.004 billion yuan, up 15.36% from the same period last year; the debt ratio was 91.51%, and the investment income was 318 million yuan.