Huishang Bank proposes amendments to articles of association

Huishang Bank Corporation (HKEX:3698) is considering significant amendments to its Articles of Association, following proposals from Zhongjing Xinhua Asset Investment Management Co., Ltd., which holds approximately 1.62% of the bank's ordinary shares. The proposed changes include abolishing the Board of Supervisors, with its powers transferring to the Audit Committee of the Board. Additionally, the bank is considering implementing a clear dividend distribution policy, committing to distributing annual cash dividends no less than 30% of the net profit attributable to the parent company. Shareholders holding over 1% of the voting shares will have the right to submit proposals. These proposals will be submitted to the upcoming Annual General Meeting for approval, subject to regulatory consent.