Huishang Bank (3698) Announces Proposed Abolishment of Supervisory Board and Amendments to Governance Documents

On November 25, 2025, the board of directors of Huishang Bank Corporation Limited (3698) held a meeting to consider and approve multiple resolutions. These include a proposal to abolish the board of supervisors, amendments to the Articles of Association, revisions to the rules of procedure for shareholders’ meetings, and revisions to the rules of procedure for the board of directors.

According to the announcement, the bank plans to disband the board of supervisors in accordance with the Company Law of the People’s Republic of China and relevant regulatory requirements. The current board of supervisors’ powers will be assumed by the Audit Committee under the board of directors. Related governance documents, including the rules of procedure of the board of supervisors, will be repealed. The proposal is subject to approval at the general meeting and regulatory consent.

The bank also intends to amend its Articles of Association, which will span 19 chapters and 329 articles upon revision. The changes are intended to improve corporate governance mechanisms and bring alignment with applicable laws and regulatory requirements. The board is seeking authorization for the chairman/president to make further adjustments based on feedback or instructions from regulators and to complete the necessary registrations once the banking regulatory authority grants approval.

In addition, the announcement details proposed revisions to the Rules of Procedure of the Shareholders’ Meeting and the Rules of Procedure of the Board. The revised shareholders’ meeting rules will comprise 6 chapters with 80 articles, while the revised board rules will comprise 11 chapters with 68 articles. The bank plans to seek authorization to implement any required modifications from regulatory authorities and relevant departments.

A circular and notice of the general meeting, including the full text of these proposed changes, will be published on the HKEXnews website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and on the bank’s website at www.hsbank.com.cn in due course.