China Minsheng Bank proposes board and rule changes

China Minsheng Bank (SSE:600016) held its Ninth Board of Directors Third Extraordinary Meeting on May 30, 2025, where key resolutions were passed, including proposed amendments to the bank's Articles of Association and Rules of Procedure for Shareholder Meetings. These amendments will be submitted for shareholder approval and require regulatory endorsement from the National Financial Regulatory Administration. The board also approved a resolution to eliminate the supervisory board. Additionally, the board nominated Zheng Haiyang as a candidate for non-executive director, pending shareholder election and regulatory approval. Finally, the board ratified a framework agreement with Aegon Life Insurance Co. for the agent distribution of financial products. Directors Zhao Peng and Liang Xinjie abstained from this vote due to related party status.