Ping An Bank proposes governance structure and board changes

Ping An Bank announced that its Twelfth Board of Directors, at its Forty-Fifth Meeting on November 28, 2025, approved several key proposals, including a comprehensive revision of the company’s articles of association. These revisions, which encompass changes to board structure and responsibilities, require approval from the National Financial Regulatory Administration and shareholders. The existing Eleventh Supervisory Board will cease operations upon the revised articles of association taking effect.

The board also approved candidates for the Thirteenth Board of Directors, including nominees for non-executive, executive, and independent director positions. Yang Yunjie has been nominated as an independent director, replacing Wu Zongmin. The new independent director appointments are subject to approval by the National Financial Regulatory Administration. Shareholders will vote on these proposals at the First Extraordinary Shareholders' Meeting of 2025 on December 16, 2025.

The shareholders' meeting will utilize a cumulative voting system for director elections, allowing investors to distribute their votes among candidates. Proposed changes to the articles of association and new director appointments are central to the meeting's agenda, marking a pivotal moment for Ping An Bank's future governance.