Postal Savings Bank of China proposes capital increase, board restructuring

Postal Savings Bank of China Co., Ltd. announced interim results for the six months ended June 30, 2025, with net profit attributable to equity holders of RMB49,228 million. The board of directors proposed interim cash dividends for 2025 of RMB1.230 per ten shares, totaling RMB14,772 million (tax included), subject to shareholder approval. The total ordinary shares of the bank increased to 120,095,053,492 shares following a June 2025 A-share issuance.

The A-share issuance of 20,933,977,454 shares to the Ministry of Finance, China Mobile Communications Group Co., Ltd., and China State Shipbuilding Corporation Limited raised RMB130 billion, enhancing the bank's core tier 1 capital. This issuance increased the bank's registered capital from RMB99,161,076,038 to RMB120,095,053,492, as approved by the board on August 29, 2025, and will be submitted to the shareholders' general meeting as a special resolution.

Further structural changes include proposed amendments to the Articles of Association and the dissolution of the Board of Supervisors, with its duties transferring to the Audit Committee under the Board. These changes, aimed at improving corporate governance, will take effect upon approval by the shareholders’ general meeting and the National Financial Regulatory Administration.