China Everbright Bank discontinues supervisory board, amends articles

China Everbright Bank Company Limited announced that on July 29, 2025, its second extraordinary general meeting for 2025 approved resolutions to amend the company's articles of association and to discontinue the establishment of a supervisory board. Following this, the bank made necessary adjustments to its articles of association based on shareholder authorization and regulatory feedback.

The bank recently received approval from the National Financial Regulatory Administration via document Jin Fu (2025) 726, which sanctioned the amendments to the articles of association on December 16, 2025. With the approval of the amended articles of association, the bank will no longer establish a supervisory board, and related regulations will be abolished. The functions previously performed by the supervisory board will now be exercised by the board's audit committee.

Several supervisors, including Mr. Wu Junhao, Mr. Qiao Zhimin, Ms. Chen Qing, Mr. Shang Wencheng, Mr. Yang Wenhua, and Mr. Lu Jian, will cease to hold positions on the supervisory board and its special committees. The bank expressed gratitude for their contributions during their tenure.