Jiangsu Changshu Bank senior management to boost shareholdings

Jiangsu Changshu Rural Commercial Bank announced that its senior management, including president Lu Dingchang and vice presidents Zhang Kangde, Gan Qing, Cheng Pengfei, Ni Jianfeng, along with board secretary Tang Zhifeng, plan to acquire no less than 550,000 shares of the bank's A-shares. This voluntary share increase will occur over six months, starting from November 21, 2025, through centralized bidding on the Shanghai Stock Exchange, with funding from their personal funds.

The decision stems from their strong conviction in the bank's intrinsic value, future strategic plans, and long-term investment potential. Lu Dingchang intends to purchase at least 200,000 shares, Zhang Kangde at least 50,000 shares, Gan Qing at least 50,000 shares, Cheng Pengfei at least 100,000 shares, Ni Jianfeng at least 100,000 shares, and Tang Zhifeng at least 50,000 shares. There is no specified price range for these acquisitions.

Currently, Lu Dingchang holds 121,000 shares (0.0036% of total capital), Zhang Kangde holds 122,573 shares (0.0037%), and Gan Qing holds 124,751 shares (0.0038%). The other executives currently do not hold shares. The management has pledged not to reduce their newly acquired holdings for six months after the increase. The required qualifications for president Lu Dingchang and vice presidents Zhang Kangde and Ni Jianfeng are pending approval from the Suzhou Regulatory Bureau of the National Financial Regulatory Administration.