Everbright Bank seeks shareholder approval for credit lines, new directors

China Everbright Bank will hold its 2025 Third Extraordinary General Meeting (EGM) on November 14, 2025, in Beijing. Shareholders will vote on approving a comprehensive credit line of RMB11.5 bn for Everbright Securities Company Limited and a non-committed revolving loan of $260m for China Everbright Limited. Both Everbright Securities and Everbright Limited are considered related parties, necessitating shareholder approval, with interested parties abstaining from voting.

Additionally, the EGM agenda includes the election of members for the tenth session of the board of directors. This encompasses the appointment of six non-executive directors, three executive directors, and six independent non-executive directors, marking a significant change in the bank's leadership structure. Current directors Mr. Qu Liang, Mr. Zhu Wenhui, Mr. Shao Ruiqing, Mr. Hong Yongmiao, and Mr. Huang Zhiling will retire and not seek re-election.

The bank's unaudited third-quarter 2025 financial report, released on October 30, 2025, indicates total assets of RMB7,217,717m, a 3.72% increase year-on-year. Net profit for January-September 2025 was RMB37,278m, a 3.40% decrease year-on-year, with operating income at RMB94,337m, down 7.95%. The bank also successfully issued RMB40 bn in perpetual capital bonds on September 18, 2025, to replenish Additional Tier 1 Capital, and its controlling shareholder, China Everbright Group Ltd., increased its A shares by 13,970,000 shares.