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.
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