Industrial Bank shareholders approve governance changes, discontinue supervisory committee

Industrial Bank Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on September 17, 2025, in Fuzhou. The meeting saw 3,685 shareholders and proxies attend, representing 16.4bn shares, or 77.5032% of the company's total voting shares. All proposed resolutions were passed with no dissenting votes recorded.

Key outcomes included the approval of revisions to the Articles of Association, the Rules of Procedure for Shareholder Meetings, and the Rules of Procedure for Board Meetings. Notably, 98.2347% of A-share votes supported the Articles of Association revision, while 99.7835% and 98.2070% respectively backed the changes to the Shareholder Meetings and Board Meetings rules. These were classified as special resolutions, requiring approval by two-thirds of valid votes.

Additionally, shareholders approved the resolution to discontinue the Supervisory Committee, a regular resolution that passed with 99.7556% of A-share votes. All resolutions were carried out through a combination of on-site and online voting, affirming compliance with relevant laws and company articles.