China Zheshang Bank removes external supervisor Gao Qiang

China Zheshang Bank (HKEX:2016) has announced the removal of Mr. Gao Qiang from his roles as external supervisor and chairman of the nomination committee of the Supervisory Committee. The decision, made during the eleventh meeting of the seventh session of the Supervisory Committee on May 7, 2025, follows earlier announcements on April 29 and April 30 regarding Mr. Gao's inability to perform his duties. The removal of Mr. Gao's chairmanship of the nomination committee is effective immediately, while his position as external supervisor requires shareholder approval at the upcoming General Meeting. The bank has confirmed that Mr. Gao has no disagreement with the Supervisory Committee regarding his removal, and there are no other matters related to this removal that require disclosure. According to a supplemental filing, the total authorized/registered share capital at the end of April 2025 was RMB27,464,635,963, comprised of 5,920,200,000 H shares and 21,544,435,963 A shares. A circular containing details of the proposal will be sent to the shareholders.