Changshu Bank sees stake increase and executive leadership changes

Changshu City Investment Holding Group increased its stake in Jiangsu Changshu Rural Commercial Bank, purchasing 5,619,300 shares between October 9 and November 13, 2025. This acquisition brings their total holdings to 132,120,231 shares, representing 3.98% of the bank's total share capital, up from 3.81%. This strategic move aims to boost the bank's stability and support local financial growth.

Concurrently, the bank announced significant executive changes. Mr. Bao Jian resigned as executive director, president, and member of the Board Strategy and "Agriculture, Rural Areas, and Farmers" Financial Services Committee, effective November 13, 2025. Additionally, Mr. Li Yong stepped down as vice president on the same date. The bank's board of directors appointed Mr. Lu Dingchang as executive director, president, and chief compliance officer, pending regulatory approval.

To fill other executive roles, the board also approved the appointments of Mr. Zhang Kangde and Mr. Ni Jianfeng as vice presidents, pending regulatory clearance.