FilingReader Intelligence

SPD Bank board approves key policies, new director after China Oriental stake hike

October 1, 2025 at 05:07 AM UTCBy FilingReader AI

Shanghai Pudong Development Bank’s board of supervisors and board of directors both convened on September 29, 2025, to address several key matters. The board of supervisors, with eight members present, unanimously approved four proposals, including the "Group Risk Appetite (2025 Annual)" and "Asset Impairment Write-off" resolutions, along with revisions to anti-money laundering and business continuity management policies.

The board of directors, with all 12 members present, also unanimously approved the same four proposals. Additionally, the board of directors approved the nomination of Ji Hongmei as a director candidate, who will assume her role upon regulatory approval. This nomination follows an increase in shareholding by China Oriental Asset Management Co., Ltd., which now holds 1.07bn ordinary shares, representing 3.44% of the bank's total ordinary share capital, up from 938.6m shares (3.03%) as of September 19, 2025. The independent directors unanimously endorsed Ji Hongmei’s qualifications and nomination process.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:600000Shanghai Stock Exchange
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