China Merchants Bank eliminates board of supervisors

China Merchants Bank Co., Ltd. has received approval for amendments to its Articles of Association and the cancellation of its board of supervisors, effective from December 18, 2025. The resolutions were approved at the company’s 2024 annual general meeting on June 25, 2025, and subsequently received approval from the National Financial Regulatory Administration. The updated Articles of Association (2025 Revision) are now in effect.

Upon the cessation of the board of supervisors, the audit committee under the board of directors will assume the functions and powers previously held by the board of supervisors, as stipulated by laws and regulations. Consequently, the rules of procedures for meetings of the board of supervisors and its specialised committees will be repealed.

Six supervisors will cease their roles as of December 18, 2025. The company expressed gratitude for their contributions, confirming no disagreements regarding their departure. The updated Articles of Association are available on the websites of Hong Kong Exchanges and Clearing Limited, Shanghai Stock Exchange, and the company.