Postal Savings Bank of China proposes capital increase, governance reforms

Postal Savings Bank of China Co., Ltd. announced plans for a second extraordinary general meeting on October 9, 2025, to approve a significant capital increase and revisions to its articles of association and governance rules. The bank proposes to increase its registered capital from RMB 99,161,076,038 to RMB 120,095,053,492, following a successful A-share issuance in June 2025 that raised RMB 130 billion to supplement core tier-one capital.

The meeting agenda also includes the election of Ms. Chen Xue and Mr. Song Xiaodong as non-executive directors. Ms. Chen, a senior accountant and certified public accountant, is currently a director at China Post Group Co., Ltd. Mr. Song, a senior economist, is president and director of Shanghai International Port Group (Group) Co., Ltd. Both candidates will serve three-year terms and will not receive compensation from PSBC.

In addition, the bank proposes to absorb its wholly-owned subsidiary, Postal Postbank Wanjia Bank Co., Ltd., to optimize management and business structure, reduce operating costs, and enhance digital and centralized service capabilities. This merger aims to integrate Wanjia Bank’s online operations experience and resources, supporting PSBC’s long-term strategic plan.