Bank of Communications to hold extraordinary general meeting for leadership, governance changes

Bank of Communications will hold its third extraordinary general meeting of shareholders on September 25, 2025, in Shanghai to consider key governance and leadership changes. The agenda includes revisions to the "Rules of Procedure for the General Meeting of Shareholders" and the "Rules of Procedure for the Board of Directors," both aimed at aligning with the latest laws and regulations. The meeting will also address the election of the eleventh board of directors, which will comprise 18 members. This includes 4 executive directors, 7 non-executive (equity) directors, and 6 independent directors. An additional staff director will be elected through a staff representative meeting.

Executive director nominees for re-election include Ren Deqi, Zhang Baojiang, Yin Jiuyong, and Zhou Wanfu. Non-executive director nominees, also for re-election, are Chang Baosheng, Liao Yijian, Chen Shaozong, Mu Guoxin, and Ai Dong. The board’s term will extend until the 2027 annual general meeting. Independent director nominees include Zhang Xiangdong, Li Xiaohui, Ma Jun, Wang Tianze, Xiao Wei (all for re-election), and Liu Ruixia (new election). All director candidates meet the qualifications outlined in relevant laws and the company's articles of association. The independent director elections will utilize a cumulative voting system.