Changshu Bank to increase registered capital, amend charter

Jiangsu Changshu Rural Commercial Bank (SSE:601128) announced plans to increase its registered capital from CNY 3,014,978,914 to CNY 3,316,485,099 and amend its Articles of Association accordingly. The decision follows the bank's 2024 profit distribution plan, which included a bonus share issue, and the conversion of convertible bonds issued in September 2022. Between May 29, 2024, and June 4, 2025, CNY 52,000 of "Changyin Convertible Bonds" were converted into 7,540 A-shares. The profit distribution plan, approved at the April 25, 2025 shareholders' meeting, involved a distribution of 0.1 shares for every share held, increasing the total share capital by 301,498,645 shares. The board approved the changes on June 13, 2025, and they are subject to shareholder approval and regulatory clearance from the Suzhou Regulatory Bureau of the National Financial Regulatory Administration.