China Zheshang Bank shareholders approve capital bonds, new directors

China Zheshang Bank Co., Ltd. (the "Bank") held its 2025 first extraordinary general meeting (EGM) on September 25, 2025, where shareholders passed all proposed resolutions, including a special resolution for the issuance of capital bonds. The EGM, attended by 1,998 shareholders and their proxies, represented 12,848,094,092 ordinary shares carrying voting rights, which accounted for 50.957472% of the total ordinary shares with voting rights.

The special resolution concerning the issuance of capital bonds and related authorization received overwhelming support, with 12,803,433,874 votes (99.652398%) cast in favor. Additionally, shareholders approved the election of Zheng Xingang and Yang Zhaohui as non-executive directors for the seventh session of the board. Zheng's election garnered 12,776,727,431 votes (99.444535%) for, while Yang's received 12,775,242,131 votes (99.432975%) for.

These appointments and the capital bond issuance are key strategic moves for the Bank. Notably, Zheng Xingang and Yang Zhaohui will not receive remuneration from the Bank for their roles. Computershare Hong Kong Investor Services Limited served as the scrutineer for the vote-taking at the EGM.