Industrial Bank approves Q1 report, adjusts shareholder meeting date

Industrial Bank (SSE:601166) announced the resolutions from its Eleventh Board's eighth provisional meeting, including the approval of its 2025 first-quarter report, which shows a slight decrease in operating income year-over-year, from CNY 57.751 billion to CNY 55.683 billion. The board also approved the nomination of Mr. Yu Hua as a director candidate, pending approval from the National Financial Regulatory Administration, based on recommendation by the Nomination Committee. Additionally, the board resolved to adjust the date for the 2024 annual shareholder meeting, with further details to be announced later. The independent directors have issued positive opinions on the director nomination. These changes reflect Industrial Bank's ongoing governance adjustments and strategic oversight as it navigates the evolving financial landscape.