Bank of Jiangsu dissolves board of supervisors, amends articles of association

Bank of Jiangsu has received approval from the Jiangsu Financial Regulatory Bureau to amend its articles of association, a decision that includes the dissolution of its board of supervisors. This change, approved during the bank's second extraordinary general meeting of shareholders in 2025, aligns with the revised articles, effective upon regulatory approval. The board's audit committee will now assume the responsibilities previously held by the board of supervisors, as outlined in the "Company Law of the People's Republic of China" and other regulatory provisions.

All current supervisors will cease their roles within the bank's supervisory board and its specialized committees. Related corporate governance documents, such as the "Bank of Jiangsu Co., Ltd. Rules of Procedure for the Board of Supervisors," will also be nullified. The bank's chairman and board of directors expressed gratitude to the departing supervisors for their contributions during their tenure.

The bank's updated articles of association reflect this change, eliminating all mentions of the board of supervisors and outlining the new governance structure. Key sections pertaining to the board of directors and its specialized committees, particularly the audit committee, have been revised to incorporate the additional oversight functions.