Changshu Rural Commercial Bank revises articles, dissolves board of supervisors

Jiangsu Changshu Rural Commercial Bank Co., Ltd. announced on October 23, 2025, that its articles of association have been approved and revised, effective from the date of approval by the Suzhou Financial Regulatory Bureau. This follows a resolution passed at the bank's third extraordinary general meeting on August 11, 2025, which also included a decision to discontinue the establishment of a board of supervisors.

As a direct consequence of this revision, the bank's board of supervisors has been legally abolished. Its responsibilities will now be assumed by the board of directors' audit and consumer protection committee. The previous regulations governing the board of supervisors, such as the rules of procedure for the board of supervisors, are simultaneously rendered null and void. The bank expressed gratitude to its former supervisors for their diligence and contributions during their tenure.

The revised articles of association, along with updated rules of procedure for shareholder meetings and rules of procedure for board of directors meetings, are now in effect. The bank will proceed with the necessary industrial and commercial registration procedures to finalize these changes, marking a significant update to its corporate governance structure.