Yibin City Commercial Bank Proposes Abolition of Board of Supervisors in Upcoming Shareholder Vote

Reuters
Sep 29
Yibin City Commercial Bank Proposes Abolition of Board of Supervisors in Upcoming Shareholder Vote

Yibin City Commercial Bank Co. Ltd. has announced a proxy proposal to abolish its Board of Supervisors and amend its Articles of Association and procedural rules, which will be voted on at the next shareholder meeting. The Board of Directors recommends that shareholders vote in favor of the proposal. The changes are subject to shareholder approval by special resolution and regulatory clearance.

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