Changshu Bank approves mid-year profit distribution and merger

Jiangsu Changshu Rural Commercial Bank (SSE:601128) announced the resolutions passed at its second extraordinary general meeting of shareholders for 2025. Key approvals included granting the board of directors the authority to decide on the 2025 interim profit distribution plan, amending the articles of association to reflect a change in registered capital, and approving the merger with Jiangsu Rudong Rongxing Rural Bank, including the establishment of branch offices. The meeting, held on June 30, 2025, saw participation from shareholders representing 42.9010% of the company's voting shares. All resolutions were passed with overwhelming support, with over 99% approval for each item. The legal aspects of the meeting and resolutions were validated by Guohao Law Firm (Suzhou).