Zhongyuan Bank to abolish Board of Supervisors, reports modest profit growth

Zhongyuan Bank's Board of Directors announced proposed amendments to its Articles of Association and the abolition of its Board of Supervisors to align with new laws and regulations and industry experience. All current supervisors have confirmed no disagreement. These amendments, alongside changes to the Rules of Procedure for the Shareholders' General Meeting and Board's Meeting, await shareholder and regulatory approval.

Concurrently, Zhongyuan Bank announced unaudited consolidated interim results for the six months ended June 30, 2025. Net profit for the period was RMB2,129.0 million, a 0.5% increase year-on-year, with total operating income reaching RMB13,562.5 million. Total assets grew 3.1% to RMB1,407,926.5 million, and the non-performing loan ratio decreased slightly to 2.01%.

The bank also reappointed Baker Tilly China Certified Public Accountants and Baker Tilly Hong Kong Limited as auditors for 2025. The board has not proposed an interim dividend for the period, following a final dividend of RMB0.12 per ten shares (tax included) for 2024, paid on August 5, 2025.