On December 19, China Merchants Bank (CMB) announced the approval of its revised Articles of Association and the discontinuation of its Supervisory Committee. The bank received official approval from the National Financial Regulatory Administration (Document No. Jin Fu [2025] 718) for the amended Articles of Association, which took effect immediately.
According to the announcement, starting December 18, 2025, CMB will no longer maintain a Supervisory Committee as per its revised Articles of Association. The responsibilities previously held by the Supervisory Committee under legal and regulatory requirements will now be assumed by the Board of Directors' Audit Committee. Consequently, the "Rules of Procedure for the Supervisory Committee of China Merchants Bank Co., Ltd." and the "Implementation Rules for the Special Committees of the Supervisory Committee of China Merchants Bank Co., Ltd." have been abolished.
Effective December 18, 2025, Li Jinming, Wu Heng, Cai Hongping, Zhang Xiang, Cao Jian, and Yang Sheng have stepped down from their roles as supervisors at CMB. All have confirmed no disagreements with the company and no additional matters requiring shareholder or creditor attention related to their departure. CMB expressed high praise and sincere gratitude for their contributions during their tenure.
Comments