Everbright Bank approves asset disposal, revises governance structure

China Everbright Bank (CEB) announced the approval of a connected transaction concerning the disposal of assets related to the "Xin Guangda Center" project. This project, with an outstanding balance of 3.824 bn yuan, was financed for project companies Beijing Huaheng Xingye Real Estate Development Co., Ltd. and Beijing Huahengye Real Estate Development Co., Ltd., both indirectly controlled by CEB’s controlling shareholder, China Everbright Group. The transaction maintains existing business structures, involves no new credit, and adheres to original contract financing rates. The board of directors and independent directors approved the transaction on December 18 and 19, 2025.

In a related development, CEB also announced the approval of revisions to its Articles of Association and the discontinuation of its Supervisory Board, effective December 16, 2025. The National Financial Regulatory Administration sanctioned these changes, with the board's audit committee assuming the responsibilities previously held by the Supervisory Board. This governance restructuring was approved at an extraordinary general meeting on July 29, 2025, and follows regulatory guidelines.

These announcements indicate CEB's strategic adjustments to its asset management and corporate governance frameworks in line with regulatory requirements. The asset disposal does not constitute a major asset reorganization, and the governance changes aim to streamline oversight functions.