Is there any connection between Qilu Bank and Qilu Securities?

There must be more or less relationships in the equity stakes. It is certain that there are overlaps and integrations in the entire Shandong State-owned Assets Supervision and Administration Commission system. But the relationship is definitely not big. They are two completely independent companies. Of course, they are all local financial institutions, and there must be a lot of general dealings in purely business matters. Going further, Qilu Securities owns Luzheng Futures Company, Wanjia Fund Management Company and Luzheng Investment Management Company; its shareholders are Laiwu Iron and Steel Group Co., Ltd., Yankuang Group Co., Ltd., Jinan Iron and Steel Group Co., Ltd., etc. The largest shareholder of Bank of Jinan is the foreign shareholder Commonwealth Bank of Australia, in addition to Linuo Group, Agricultural Economic Development, Jiangquan, Jinan Economic Development Investment, Shandong Zhongchen, Shandong Jianbang, etc. In fact, you have this question after reading today’s news. Specifically, your question is "whether Qilu Bank and Qilu Securities have a close relationship as parent companies, subsidiaries, affiliated companies under the control of the same group, etc." The answer is no. The relationship is not close.