CDB Financial Leasing cancels board of supervisors

China Development Bank Financial Leasing Co. will hold an extraordinary general meeting on July 31, 2025, to vote on major corporate governance changes.

The company proposes cancelling its board of supervisors, with duties transferring to the audit committee of the board of directors. Shareholders will also vote on electing a new independent non-executive director and amending the articles of association following updated Chinese company law.