Chongqing Rural Commercial Bank shareholders approve key governance changes

Chongqing Rural Commercial Bank Co., Ltd. (the Bank) held its first extraordinary general meeting of shareholders for 2025 on December 10, 2025. The meeting, attended by 577 shareholders representing 4,990,319,075 voting shares, saw key proposals passed, including revisions to the Bank's articles of association, rules of procedure for shareholder meetings, and rules of procedure for board of directors' meetings. The total voting shares represented 46.58% of the company's total voting shares.

A significant resolution approved was the proposal to no longer set up a supervisory board, which passed with 99.9656% of total votes in favor. Other resolutions, such as the amendment of the Articles of Association, also received strong support, with 88.0415% of total votes in favor, and the amendment of the rules of procedure for shareholder meetings garnered 99.9727% approval.

All deliberated proposals were special resolutions and were passed with more than two-thirds of the total voting shares present at the meeting. The meeting's procedures and resolutions were confirmed as legal and valid by Beijing Tongshang Law Firm.