Postal Savings Bank of China discontinues supervisory board

Postal Savings Bank of China announced it will no longer establish a supervisory board, effective upon the approval of its revised articles of association. This follows resolutions passed at an extraordinary general meeting on October 9, 2025, which approved amendments to the company’s articles of association and the proposal to discontinue the supervisory board.

The bank recently received approval from the National Financial Regulatory Administration regarding these amendments. Consequently, the board of directors' audit committee will assume the relevant duties previously performed by the supervisory board. All current supervisors, including Mr. Bai Jianjun, Mr. Chen Shiming, Mr. Li Yue, and Ms. Gu Nannan, will no longer hold their positions, and related supervisory board policies will be abolished.

The bank expressed gratitude to the outgoing supervisors for their diligent service and contributions to corporate governance, operational management, risk control, financial internal control, and overall high-quality development. The revised articles of association are now effective and available on the Shanghai Stock Exchange and the bank's websites.