Postal Savings Bank of China approves capital change, YOU⁺ BANK merger

Postal Savings Bank of China Co., Ltd. held its 2025 Second Extraordinary General Meeting (EGM) on October 9, 2025, where shareholders approved several key resolutions.

Among the special resolutions, the change of registered capital of the bank passed with 99.988538% of votes for, while amendments to the articles of association received 98.130567% for. The dissolution of the board of supervisors was also approved with 99.988465% for, and the absorption and merger of YOU⁺ BANK passed with 99.988463% for. These special resolutions required more than two-thirds of valid voting shares for approval.

Ordinary resolutions included amendments to the rules of procedure for the shareholders' general meeting (99.987472% for) and the rules of procedure for the board of directors (99.987808% for). Additionally, Ms. Chen Xue was elected as a non-executive director with 99.817199% for, and Mr. Song Xiaodong was elected as a non-executive director with 99.791903% for.

A total of 110,760,826,837 voting shares, representing 92.366014% of the eligible shares, were present at the EGM.