Bank of China to hold EGM on October 16 for governance changes

Bank of China Limited (SSE:601988) will hold its 2025 Third Extraordinary General Meeting on October 16, 2025, at 9:30 AM in Beijing. Shareholders will vote on two key proposals: an application to increase the special donation quota and the election of Cai Zhao as an executive director. The meeting will support both in-person and online voting via the Shanghai Stock Exchange system, with voting open from 9:15-15:00 on the same day.

These proposals follow the approval of amendments to the bank’s Articles of Association by the National Financial Regulatory Administration, as reported in a separate announcement dated September 25, 2025. These revisions, approved at the 2024 Annual General Meeting on June 27, 2025, signify a move away from the Supervisory Board structure, with its functions now to be exercised by the Board of Directors' Audit Committee. Consequently, Wei Hanguang, Jia Xiangseng, Hui Ping, and Chu Yiyun will no longer serve as supervisors.

The bank’s updated Articles of Association, effective from the date of regulatory approval, include a revised board composition, with the total number of directors set between thirteen and nineteen. The current board, chaired by Ge Haijiao, includes Zhang Hui as vice chairman, Liu Jin as executive director, and several non-executive and independent non-executive directors. Notably, Liu Xiaolei and Gao Meiyi have been appointed as new independent non-executive directors, with all directors actively participating across six specialized committees.