China Merchants Bank dissolves supervisory board, shifts duties to audit committee

China Merchants Bank held its 2024 annual general meeting on June 25, 2025, where shareholders approved amendments to the company's Articles of Association and the dissolution of the supervisory board. These revisions have since been approved by the National Financial Regulatory Administration.

Effective December 18, 2025, the company will no longer have a supervisory board. Its original responsibilities will be taken over by the board of directors' audit committee. Concurrently, the "Rules of Procedure for the Supervisory Board of China Merchants Bank Co., Ltd." and the "Implementation Rules for the Specialized Committees of the Supervisory Board of China Merchants Bank Co., Ltd." will be abolished.

As a result of these changes, six supervisors — Mr. Li Jinming, Mr. Wu Heng, Mr. Cai Hongping, Mr. Zhang Xiang, Mr. Cao Jian, and Mr. Yang Sheng — will cease their roles at the company on December 18, 2025. The company expressed appreciation for their contributions during their tenure.