Bank of Ningbo shareholders approve 2025 profit distribution, amend articles

Bank of Ningbo Co., Ltd. announced that all resolutions presented at its second extraordinary general meeting of shareholders for 2025, held on December 8, 2025, were successfully passed. The meeting, which combined on-site and online voting, saw 1,161 ordinary shareholders and their authorized representatives, holding 4,550,812,802 shares, representing 68.91% of the total voting shares, participate. Certain related parties, including Ningbo Development Investment Group Co., Ltd. and Ningxing (Ningbo) Asset Management Co., Ltd., abstained from voting on resolutions involving related-party transactions.

Key resolutions approved included the "Proposal on the Estimated Quota for Daily Related-Party Transactions of Bank of Ningbo Co., Ltd. in 2026," which passed with 99.9680% approval. Major changes were also approved, with the "Proposal on Amending the Articles of Association of Bank of Ningbo Co., Ltd." receiving 99.8133% approval, and the "Proposal on Discontinuing the Establishment of a Supervisory Board" passing with 99.9809%.

Furthermore, shareholders approved the "Bank of Ningbo Co., Ltd. 2025 Interim Profit Distribution Plan," which garnered 99.9952% of votes in favor. Other approved proposals included revisions to the "Rules of Procedure for the General Meeting of Shareholders" and the "Rules of Procedure for the Board of Directors," indicating updates to the company’s corporate governance framework.