Guiyang Bank shareholders approve director appointments, policy revisions, and acquisition

Bank of Guiyang Co., Ltd. held its third extraordinary general meeting of shareholders on November 26, 2025, approving several key resolutions. Shareholders elected Ms. Bai Xue and Ms. Dong Qun as directors and adopted revisions to the "Bank of Guiyang Co., Ltd. Connected Transaction Management Measures." The meeting also sanctioned the proposed acquisition of Zunyi Fenghe Village Bank Co., Ltd., a related party transaction. The acquisition proposal passed as a special resolution, requiring a two-thirds majority of effective voting shares.

The new "Connected Transaction Management Measures" clarify definitions, approval processes, disclosure requirements, and supervision of connected transactions, aligning with regulatory standards. The updated policy ensures transparent and fair dealings, establishing guidelines for reporting to regulatory bodies and the board of directors. The approval of these measures aims to strengthen corporate governance and mitigate risks associated with related party transactions.

Attendees included 674 shareholders and proxies representing 1,385,305,581 voting shares, comprising 37.8892% of the total voting shares. The meeting adhered to legal and regulatory requirements, with independent directors offering opinions and affiliated shareholders abstaining from voting on relevant proposals. Beijing King & Wood Mallesons verified the meeting’s compliance and validity.