Huaxia Bank revamps governance, dissolves board of supervisors

Huaxia Bank has announced the dissolution of its board of supervisors and the approval of amendments to its Articles of Association, effective from the date of regulatory approval. This follows resolutions passed at the 2024 Annual General Meeting on May 13, 2025, and the second Employee Representative Meeting in 2025. The National Financial Regulatory Administration has sanctioned these changes, with the audit committee now assuming the responsibilities previously held by the board of supervisors. Several individuals, including Guo Peng and Deng Kang, will no longer serve as supervisors.

The updated Articles of Association outline a streamlined governance structure, including a revised composition for the board of directors, which will now comprise 15 to 19 members, with 5 or fewer executive directors and 10 to 15 non-executive directors (including independent directors). The bank's business scope and registered capital of RMB15,914,928,468 remain unchanged.

Additionally, Huaxia Bank's 2025 interim profit distribution plan proposes a cash dividend of RMB1.00 per 10 shares, totaling RMB1.591 bn, from a distributable profit of RMB133.395 bn. The bank also seeks approval for an RMB1.398 bn daily related-party transaction limit with Beijing Bank Co., Ltd. for 2025.