Changshu Bank appoints director, approves secondary capital bond issuance

Jiangsu Changshu Rural Commercial Bank held its fourth extraordinary general meeting of shareholders in 2025 on December 1, 2025, in Changshu, Jiangsu province. The meeting saw 760 shareholders and proxies in attendance, representing 1,371,979,762 voting shares, or 41.3680% of the company's total voting shares. All proposed resolutions passed without dissent.

Shareholders approved the appointment of an executive director with 98.8013% of votes in favor. They also authorized arrangements for a secondary capital bond issuance, with 99.9051% of votes supporting the measure. For the appointment of the executive director, 5% and below shareholders cast 1,056,183,881 votes in favor (98.4667%) and 15,939,568 votes against (1.4860%).

The meeting was convened by the board of directors and chaired by chairman Xue Wen. Guohao Law Firm (Suzhou) confirmed that the meeting's procedures and resolutions complied with relevant laws and regulations.