China CITIC Bank shareholders approve capital adjustments, board appointment

China CITIC Bank Corp. announced that its 2025 second extraordinary general meeting, third class meeting of A-share shareholders, and third class meeting of H-share shareholders successfully passed all proposed resolutions. A significant outcome was the approval of Mr. Wei Qiang as a non-executive director to the Seventh Board of Directors. Shareholders also approved revisions to the company's articles of association, shareholder meeting rules, and board of directors' meeting rules, along with changes to registered capital.

Further resolutions included setting limits for various business operations for 2025–2026, such as credit business, financial market activities, investment operations, asset transfers, deposit business, financial advisory and asset management services, custody and account management services, and other financial services. These were approved as ordinary resolutions, with related parties China CITIC Financial Holdings Co., Ltd. and China Construction Bank Corp. abstaining from voting on relevant proposals.

The resolutions to amend the articles of association and cease the establishment of a supervisory board were passed as special resolutions, requiring a two-thirds majority. Beijing Tianda & Gonghe Law Firm confirmed the legality and validity of the meetings and their resolutions.