Guiyang Bank updates articles of association, details governance and shares

Guiyang Bank Co., Ltd. has revised its Articles of Association in 2025, detailing its governance framework and share structure. The bank's registered capital is RMB 3,656,198,076. Its shares are issued as ordinary and preferred shares, with ordinary shares having a face value of RMB 1 per share and preferred shares RMB 100 per share. The Articles clarify the rights and obligations for both types of shareholders, including dividend distribution and voting rights.

The revised Articles specify the establishment of a Communist Party organization within the bank to play a leading and political core role. The board of directors, comprising 15 directors (3-4 executive directors, 1 employee director, and 10-11 non-executive directors including independent directors), is responsible for key strategic decisions, risk management, and information disclosure. Independent directors must constitute at least one-third of the board.

Significant changes include provisions for increasing or decreasing registered capital, which requires a special resolution from the shareholders' meeting. Preferred shares are subject to mandatory conversion to ordinary shares under specific triggers. Shareholders' rights to inspect financial records and the company's articles of association are also outlined, particularly for those holding 3% or more of the shares. The bank's dividend policy prioritizes cash dividends and sets minimum payout ratios based on the bank's development stage.