Zhongyuan Bank approves acquisitions, dissolves board of supervisors

Zhongyuan Bank shareholders approved several key resolutions at the 2025 Second Extraordinary General Meeting held on November 10, 2025. Among the special resolutions, amendments to the Articles of Association and implementation plans for the acquisition of Puyang Zhongyuan County Bank, Mengjin Minfeng County Bank, and Luanchuan Minfeng County Bank, along with the establishment of branches, were passed with 99.2671% of votes in favor. An additional resolution authorizing the chairman to manage acquisition and merger matters also received 99.2671% approval.

Ordinary resolutions included the appointment of Mr. Zhou Feng as an executive director and the dissolution of the Board of Supervisors, which passed with 99.2671% of votes in favor. This dissolution also abolishes the corporate governance system related to the Board of Supervisors, with its functions and powers to be exercised by the Audit Committee of the Board. Amendments to the Rules of Procedures for both the Shareholders' General Meeting and the Board's Meeting were also approved.

Mr. Zhou Feng was also elected vice chairman of the Board, and Mr. Gao Baohong was elected as an employee representative director. Both appointments are subject to regulatory approval.