China Zheshang Bank to elect directors, issue RMB45bn in capital bonds

China Zheshang Bank Co., Ltd. will hold its 2025 first extraordinary general meeting (EGM) on Thursday, September 25, 2025, in Hangzhou, Zhejiang, PRC. Key resolutions include the election of Zheng Xingang and Yang Zhaohui as non-executive directors for the seventh session of the Board. These appointments require shareholder approval and ratification by the National Financial Regulatory Administration (NFRA).

The bank also seeks shareholder approval for the issuance of capital bonds, which may include perpetual capital bonds and tier two capital bonds, with a maximum issuance amount of RMB45.0 billion. The purpose of this issuance is to strengthen the bank's capital base and reduce capital costs. The validity period for the resolution on capital bond issuance will extend to 24 months after NFRA's approval.

The H shares register of members will be closed from Monday, September 22, 2025, to Thursday, September 25, 2025, during which no transfers of H shares will be effected. Shareholders are recommended by the Board to vote in favor of all proposed resolutions.