Bank of Communications delays board of directors term renewal

Bank of Communications announced that the term renewal of its tenth board of directors, initially set to expire on June 27, 2025, will be delayed. The postponement stems from ongoing reforms to the company's governance structure and a delay in the nomination of candidates for the new board. The terms of the board's specialized committees will also be extended accordingly. While the renewal process is underway, the current board will continue to fulfill its duties as outlined by laws, regulations, and the company's articles of association. Bank of Communications assures that this delay will not affect the company's normal operations and commits to promptly advancing the renewal process and fulfilling its disclosure obligations.