Bank of Communications to hold EGM for director re-elections, rule changes

Bank of Communications Co., Ltd. has announced an extraordinary general meeting (EGM) to be held on Thursday, September 25, 2025, in Shanghai. The EGM agenda includes the re-election and appointment of executive, non-executive, and independent non-executive directors. Among the proposed re-elections are executive directors Mr. Ren Deqi, Mr. Zhang Baojiang, Mr. Yin Jiuyong, and Mr. Zhou Wanfu. Non-executive director re-elections include Mr. Chang Baosheng, Mr. Liao Yi Chien David, Mr. Chan Siu Chung, Mr. Mu Guoxin, and Mr. Ai Dong, with Ms. Liu Ruixia proposed for appointment as an independent non-executive director.

In addition to board changes, shareholders will consider and approve proposed amendments to the Procedural Rules of the Shareholders' General Meeting and the Procedural Rules of the Board. These amendments aim to align with revised Articles of Association and regulatory requirements, including changes to the convocation and voting procedures for general meetings and the powers and responsibilities of the Board. For instance, an extraordinary general meeting will now convene within two months of certain triggering events, and the number of shares required to propose motions to the Bank has been adjusted to 31% from the previous 3%.

Shareholders with names appearing on the H share register by September 17, 2025, are eligible to attend and vote. The proxy form must be submitted no later than 24 hours before the EGM. Resolutions concerning the appointment and re-election of independent non-executive directors will be subject to cumulative voting, and the current remuneration structure for independent non-executive directors includes an annual fixed basic salary of RMB250,000 per person.