On November 26, Bank Of Jiangsu Co.,Ltd. announced that its 2025 Second Extraordinary General Meeting approved two proposals: "Amendment to the Articles of Association of Bank Of Jiangsu Co.,Ltd." and "Termination of Supervisory Committee Establishment and Related Matters." The company recently received official approval from Jiangsu Financial Regulatory Bureau (Approval No. Su Jin Fu [2025] 423) for the amended Articles of Association.
Effective immediately upon regulatory approval, Bank Of Jiangsu Co.,Ltd. will dissolve its Supervisory Committee. The Board's Audit Committee will assume all supervisory functions previously held by the committee under China's Company Law and regulatory requirements. All specialized sub-committees under the Supervisory Committee will be simultaneously abolished, and governance documents including "Rules of Procedure for the Supervisory Committee of Bank Of Jiangsu Co.,Ltd." will be invalidated. Current supervisors will be relieved of their duties, with confirmation that no disagreements or outstanding matters requiring shareholder or creditor notification exist.
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