I. Range of batch conversion

The floating interest rate loans for stocks mentioned in this announcement refer to the floating interest rate loans that have been issued by rural commercial banks within the jurisdiction of Hunan Province before January 1, 22 and those that have been contracted but not issued with reference to the benchmark interest rate of loans (excluding provident fund personal housing loans).

the stock floating rate loans that have been in the last repricing cycle (due before December 31st, 22) will not be converted in batches.

II. Batch conversion mode

In order to simplify the customer operation process, the rural commercial banks within the jurisdiction of Hunan Province will uniformly adjust the contracts and loans that have not been converted within the batch conversion range from June 25 to June 3, 22 into floating rate loans with reference to LPR； pricing according to the standardized conversion rules. The conversion rules are as follows:

1. Calculation of added value

The added value of the loans issued under the contract = current loan. The added value can be negative; The added value is fixed during the remaining term of the loan.

the added value of unreleased loans under the contract = the execution interest rate of new loans under the contract-the corresponding term LPR； released in December 219; The added value can be negative; The added value is fixed during the remaining term of the loan.

2.LPR term selection: refer to the LPR with a loan term of more than 5 years, and refer to the LPR with a loan term of less than 5 years (inclusive).

3. The interest rate repricing date is January 1st of each year, and the execution interest rate is equal to the sum of the corresponding term LPR in December of the previous year and the added value determined at the conversion time.

4. During the period from the conversion point to December 31, 22, the execution interest rate is equal to the current execution interest rate of the loan.

3. Warm Tips

1. As the rural commercial banks under the jurisdiction of Hunan Province convert the loan batch into reference LPR pricing by equivalent conversion, and the interest rate repricing date is January 1st every year, the interest rate of the converted loan will remain unchanged from the conversion date to December 31st, 22, during which time, you don't need to worry about the interest change.

2. Rural commercial banks under the jurisdiction of Hunan Province will notify customers of existing floating rate loans through official websites, WeChat WeChat official account, telephone, SMS and email, so as to protect borrowers' contractual rights and consumers' rights and interests in accordance with laws and regulations.

3. within 1 days after the announcement, if you don't want to convert the loans under your name into floating rate loans with reference to LPR pricing in batches, you can contact your account manager through "offline processing" to discuss the conversion separately. If you don't raise any objection within a limited time, the rural commercial banks under the jurisdiction of Hunan Province will carry out batch conversion in a unified way.