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China Merchants Bank proposes board election and amendments

May 28, 2025 at 05:02 PM UTCBy FilingReader AI

China Merchants Bank (CMB) is set to elect its new board and revise its Articles of Association at its upcoming Annual General Meeting (AGM) on June 25, 2025. The proposed board includes eight shareholder directors, three executive directors, and six independent directors. The current board's term expires at the AGM's conclusion. Key nominees include Miao Jianmin and Shi Dai from China Merchants Group, and Sun Yunfei from China COSCO Shipping Corporation Limited. Continuing independent directors will be remunerated with annual pre-tax director's remuneration of RMB0.5 million each. The proposed changes to the Articles of Association, once approved by shareholders and the National Financial Regulatory Administration, will take effect from the date of approval. The bank will publish a circular with details of the board election and proposed amendments.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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