Luzhou Bank elects new directors, approves asset restructuring at EGM

Luzhou Bank Co., Ltd. announced the results of its 2025 first extraordinary general meeting (EGM) held on December 17, 2025. The bank confirmed the election of Wang Jie as a non-executive director and Qiu Wei as an independent non-executive director for the eighth session of the board. Both appointments require approval from the Sichuan Bureau of the National Financial Regulatory Administration, with their terms commencing upon qualification approval.

Shareholders at the EGM, representing approximately 96.94% of the bank's 2,717,752,062 total issued shares, overwhelmingly approved all resolutions. The election of Wang Jie and Qiu Wei each received 100.000000% of votes cast.

Additionally, the board was authorized to decide on a specific credit customer's asset restructuring plan, including potential reductions and exemptions, with 93.455854% of votes in favor. All three resolutions were passed as special resolutions, having secured more than two-thirds of the votes from attending shareholders.