Weihai Bank shareholders approve capital changes, new directors

Weihai Bank shareholders, during meetings held on September 29, 2025, overwhelmingly approved proposals including changes in registered capital, amendments to the articles of association, and the dissolution of the board of supervisors. Resolutions regarding the proposed issuance of domestic shares to specific target placees and non-public issuance of H Shares passed with 100% of votes cast for all sub-items in each class meeting and the extraordinary general meeting.

At the extraordinary general meeting, all special resolutions (numbered 1 to 5) and ordinary resolutions (numbered 6 to 8) were duly passed. Special resolutions required no less than two-thirds of votes in favor, while ordinary resolutions required more than 50% in favor. The bank reported 4,798,255,097 shares, or 80.30% of total issued shares, present for the extraordinary general meeting.

Shareholders also approved the appointment of Guo Youhui and Zhou Liang as non-executive directors, with each receiving 4,798,255,097 cumulative votes (100%). These appointments will take effect upon regulatory approval from the National Financial Regulatory Administration Shandong Office.