Jiangyin Bank shareholders approve mid-year dividend, governance overhaul

Jiangsu Jiangyin Rural Commercial Bank's first extraordinary general meeting of shareholders in 2025 successfully passed all proposed resolutions. The meeting, held on September 5, 2025, saw 288 shareholders and authorized representatives, holding 679,042,290 shares or 27.5877% of the total shares, participate. The proposal for a 2025 mid-year dividend arrangement was approved with 99.9590% of votes in favor.

Shareholders also approved the resolution to no longer establish a supervisory board, receiving 99.8385% support. Furthermore, significant revisions to the company's foundational documents were passed. This included updates to the "Articles of Association" (99.7923% approval), "Rules of Procedure for Shareholder Meetings" (90.1773% approval), "Rules of Procedure for Board of Directors Meetings" (90.1773% approval), and "Independent Director System" (90.1648% approval).

Other approved revisions included the "Implementation Rules for Cumulative Voting System at Shareholder Meetings" (90.1778% approval), "Interim Measures for Equity Management" (90.1772% approval), and "Measures for the Administration of Connected Transactions" (90.1763% approval). These changes collectively signify a substantial overhaul of the bank's operational and governance frameworks.