Wuxi Rural Commercial Bank approves 2024 key resolutions

Wuxi Rural Commercial Bank (SSE:600908) announced the resolutions passed at its 2024 annual general meeting held on May 16, 2025. All proposed resolutions were approved, including the 2024 Board of Directors and Supervisory Committee work reports, financial statements, profit distribution plan, and the reappointment of the accounting firm. Shareholders also approved plans to absorb and merge subsidiaries, specifically, Tongshan and Jiangyan Rural Banks, establishing branch locations afterward. The meeting saw the participation of shareholders representing 45.3159% of the company's total voting shares (994,541,448 shares). Additionally, shareholders approved the issuance of Tier 2 capital bonds and revisions to the company's articles of association. The meeting was deemed compliant with relevant laws and the company's articles of association, with legal counsel present to ensure proper procedure.