Bank of Zhengzhou shareholders approve governance overhaul, abolish board of supervisors

Bank of Zhengzhou Co., Ltd. announced the successful passing of resolutions at its first extraordinary general meeting and class meetings held on September 18, 2025. A total of 3,106,715,503 shares with voting rights, representing approximately 39.78% of the bank's total voting shares, participated in the EGM.

Key resolutions included amendments to the articles of association and the abolishment of the board of supervisors, which passed with 96.69% of votes for. Amendments to the rules of procedure for the shareholders' general meeting passed with 96.66% of votes for, while amendments to the rules of procedure for the board of directors received 99.10% of votes for. All resolutions were duly passed as special resolutions, receiving at least two-thirds of the votes cast in favor.

These governance changes will take effect upon approval from the National Financial Regulatory Administration Henan Office. Following this, the audit committee of the board of directors will assume the powers of the former board of supervisors, and the current members of the board of supervisors will cease their roles.