Wuxi Rural Commercial Bank shareholders approve key governance and distribution changes

Wuxi Rural Commercial Bank's first extraordinary general meeting of shareholders in 2025, held on September 16, 2025, saw key resolutions approved. A total of 282 shareholders and proxies attended, representing 962,287,276 voting shares, or 43.85% of total voting shares. The meeting, convened by the board of directors and chaired by chairman Tao Chang, confirmed that all proceedings adhered to legal and regulatory requirements.

A significant outcome was the approval of the proposal to no longer establish a supervisory board, with 99.8833% of A-shares voting in favor. Additionally, resolutions to revise the "Company Articles of Association," "Rules of Procedure for Shareholder Meetings," and "Rules of Procedure for Board of Directors Meetings" were passed with substantial majorities, indicating strong shareholder support for updated governance frameworks. The special resolution concerning the revision of the "Company Articles of Association" garnered over two-thirds of the votes from attending shareholders.

Shareholders also authorized the board of directors to determine the interim profit distribution plan for 2025, which passed with 99.1043% of A-shares in favor. Jiangsu Shijitongren Law Firm confirmed the legality and validity of the meeting's convening, attendance, voting procedures, and resolutions.