Changshu Rural Commercial Bank updates articles of association

Jiangsu Changshu Rural Commercial Bank Co., Ltd. has officially updated its articles of association, with the changes approved by Suzhou JinFu (2025) No. 194 and effective upon registration with the market supervision and administration department. The bank, established in 2001, has a registered capital of RMB 3,316,485,099.

The updated articles clarify that all issued shares are ordinary shares and detail governance structures including the establishment of a Communist Party Committee. The bank also specifies that its chairman serves as the legal representative. The maximum percentage of total issued shares that the bank can hold of its own shares is capped at 10%.

Key amendments include a structured approach to profit distribution, emphasizing reasonable returns for investors while ensuring sustainable development. Cash dividends are prioritized, with specific payout ratios outlined based on the bank's development phase and capital expenditure needs. The bank mandates that the cumulative cash dividends over the past three years must not be less than 30% of the average distributable profit for that period.