Chongqing Rural Commercial Bank proposes significant governance changes

Chongqing Rural Commercial Bank Co., Ltd. has issued documents for its first extraordinary general meeting of shareholders in 2025, scheduled for December 10, 2025. A key proposal involves significant revisions to the bank's articles of association and the rules of procedure for shareholder meetings. The articles of association will see 321 revisions, including 201 modifications, 30 new additions, and 90 deletions, reducing the total number of articles from 375 to 311.

A notable proposed change is the discontinuation of the supervisory board, with its responsibilities to be transferred to the audit committee of the board of directors. The bank also plans to revise the rules of procedure for the board of directors' meetings, with 44 changes. These amendments are subject to approval at the extraordinary general meeting and subsequent regulatory clearance.