Bank of Beijing abolishes supervisory board after regulatory approval

Bank of Beijing Co., Ltd. has officially ceased the establishment of a supervisory board, effective immediately after its revised articles of association were approved by the Beijing Regulatory Bureau of the National Financial Regulatory Administration. This change follows a resolution passed at the bank's third extraordinary general meeting on June 27, 2025.

The duties previously handled by the supervisory board will now be performed by the board of directors' audit committee, in accordance with the "Company Law of the People's Republic of China" and other regulatory provisions. All systems related to the operation of the supervisory board and the performance of supervisors' duties have been simultaneously abolished.

As part of this transition, Tan Ning, Li Xiaohui, Xu Lin, and Wu Wenjie have stepped down from their roles as supervisors and related positions within the bank and its supervisory board. The bank expressed gratitude for their contributions. The revised articles of association are available on the Shanghai Stock Exchange website and the bank's website.