Chongqing Rural Commercial Bank Proposes to Abolish Board of Supervisors

Deep News12-10

On December 10, Chongqing Rural Commercial Bank Co., Ltd. (Chongqing Rural Commercial Bank) announced the resolutions of its first extraordinary general meeting in 2025. All four proposals reviewed at the meeting were special resolutions, each approved by over two-thirds of the voting shares present.

The proposal to amend the Articles of Association of Chongqing Rural Commercial Bank received 4,393,550,176 affirmative votes, representing 88.0415% approval. The proposal to revise the Rules of Procedure for Shareholders' Meetings garnered 4,988,955,657 votes in favor, with a 99.9727% approval rate. The amendment to the Rules of Procedure for the Board of Directors was approved by 4,446,381,079 votes, or 89.1001%. Notably, the proposal to abolish the Board of Supervisors passed with 4,988,603,853 affirmative votes, achieving a 99.9656% approval rate.

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