Huishang Bank Announces New Shareholder Agreement with Proposed Amendments to Articles of Association

Reuters
2025/06/12
Huishang Bank Announces New Shareholder Agreement with Proposed Amendments to Articles of Association

Huishang Bank Corp. Ltd. has announced new proposed amendments to its Articles of Association, following additional proposals from shareholder Zhongjing Xinhua Asset Investment Management Co., Ltd. The proposals, which were submitted in line with the Company Law of the People's Republic of China, include the abolishment of the Bank's Board of Supervisors and changes to the dividend distribution policy. Zhongjing Xinhua, which holds approximately 1.62% of the Bank's shares, has also suggested amendments concerning shareholder rights. These proposals will be presented at the upcoming 2024 annual general meeting for consideration. The Hong Kong Exchanges and Clearing Limited, along with The Stock Exchange of Hong Kong Limited, have clarified that they do not assume responsibility for the contents of the announcement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Huishang Bank Corp. Ltd. published the original content used to generate this news brief on June 12, 2025, and is solely responsible for the information contained therein.

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