Chongqing Rural Commercial Bank proposes governance document changes

Chongqing Rural Commercial Bank Co., Ltd. has announced proposed amendments to its Articles of Association, the Rules of Procedures for the Shareholders' Meeting, and the Rules of Procedures for the Board. These changes, approved by the board, aim to implement "Two-consistency" requirements, enhance the Party's comprehensive leadership, and improve the corporate governance structure in line with a modern enterprise system with Chinese characteristics. The amendments also seek to protect the legitimate rights of shareholders, employees, and creditors while standardizing the bank's operations.

The proposed amendments require approval from shareholders at an upcoming meeting. The Articles of Association changes will take effect upon approval by both shareholders and the National Financial Regulatory Administration Chongqing Office. The revisions to the Rules of Procedures for the Shareholders' Meeting and the Rules of Procedures for the Board will take effect once shareholders approve them and the relevant amendments to the Articles of Association are sanctioned by the Chongqing Office of NFRA. Until these approvals, existing documents remain in force.

The bank will publish a circular detailing these proposed amendments and a notice for the shareholders' meeting on the websites of The Stock Exchange of Hong Kong Limited and the bank, with information also dispatched to H shareholders. Mr. Sui Jun currently serves as the executive director and president of the bank.