Minsheng Bank abolishes board of supervisors, amends articles

China Minsheng Banking Corp. Ltd. (the "Bank") received approval from the National Financial Regulatory Administration (NFRA) for amendments to its Articles of Association, effective upon NFRA approval. This follows the Bank's 2024 annual general meeting of shareholders (AGM) on June 26, 2025, where the proposal for the amendments was approved.

Concurrently, the AGM also resolved to abolish the board of supervisors, with its legal dissolution effective from the approval date of the Bank's Articles of Association. Consequently, all related corporate governance documents, including the Rules of Procedure for the Board of Supervisors, have been repealed. The audit committee under the board of directors will now assume the functions and powers previously held by the board of supervisors.

Six supervisors — Mr. Weng Zhenjie, Mr. Wu Di, Mr. Lu Zhongnan, Mr. Li Yu, Mr. Long Ping, and Mr. Mao Bin — have ceased their roles, confirming no dissenting opinions with the Bank. The Bank expressed gratitude for their diligent service and contributions to improving corporate governance.