Zhengzhou Bank's 1.1 billion yuan loan lawsuit has been accepted by the local court.

On the evening of July 22, Zhengzhou Bank disclosed that a lawsuit involving a loan principal of 1.1 billion yuan has been accepted by the Zhengzhou Intermediate People's Court. The defendants in this case are the borrower and five joint and several guarantee parties. The bank stated that it has made provisions for loan losses related to this loan.