Industrial Bank shareholders approve governance, bylaw revisions

Industrial Bank held its first extraordinary general meeting of shareholders for 2025 on September 17, 2025, in Fuzhou. The meeting, chaired by Lü Jiajin, saw 3,685 shareholders and proxies participate, representing 77.5032% of the total voting shares. The meeting combined in-person attendance with online voting via the Shanghai Stock Exchange systems.

Four key proposals were approved, including revisions to the articles of association, the shareholders meeting rules, and the board of directors meeting rules. Shareholders also approved the proposal to discontinue the supervisory board. The first three proposals, requiring a special resolution, passed with over two-thirds of the voting rights, while the fourth, an ordinary resolution, also passed with a majority.

Guohao Law Firm (Shanghai) confirmed the legality of the meeting's convening, procedures, and the qualifications of attendees, asserting that the resolutions and their voting results are legally valid and effective. The notice for the meeting was disseminated on August 29, 2025.