Suzhou bank eliminates supervisory board, transfers duties to audit committee

Bank of Suzhou announced regulatory approval for amendments to its Articles of Association and the discontinuation of establishing a supervisory board. This follows resolutions passed at an extraordinary general meeting on November 17, 2025. The Jiangsu Financial Regulatory Bureau granted approval for the revised Articles of Association.

As a result, the bank will no longer maintain a supervisory board, with its functions now transferred to the board's audit committee, aligning with the amended Articles of Association (2025 Edition) which details the new structure and responsibilities. The bank’s registered capital stands at RMB 4,470,662,011.

The changes involve the abolition of the supervisory board, its specialized committees, and related governance rules. Existing regulations within the bank's various policies that referred to the supervisory board or its members will no longer apply. The audit committee of the board of directors will now exercise the powers of the supervisory board as stipulated by company law and regulatory provisions. The bank also expressed gratitude to the outgoing supervisory board members for their contributions.