Bank of Communications supervisor Chen Hanwen resigns after six years

Bank of Communications (SSE:601328) announced the resignation of external supervisor Chen Hanwen, effective June 27, 2025. Chen Hanwen's departure, due to the completion of a six-year term, includes relinquishing roles as a member of the Supervisory Board's Duty Performance Supervision Committee and Chairman of the Supervisory Board's Financial and Internal Control Supervision Committee. The bank has confirmed that Chen Hanwen has no disagreements with the Supervisory Board and no matters needing notification to shareholders or creditors. The Supervisory Board expressed its gratitude to Chen Hanwen for his diligence and contributions to the bank's oversight system and corporate governance. In related news, Bank of Communications held its 2024 Annual General Meeting on June 27, 2025, where shareholders approved key resolutions, including the 2024 board and supervisory reports, the 2025 fixed asset investment plan, and the appointment of the 2025 accounting firm, with over 99% approval for each. Amendments to the company's articles of association and the proposal to abolish the supervisory board were also passed.