本行第七届董事会第十一次临时会议于 2025 年 11 月 3 日在本行东太湖办 公大楼会议室（苏州市吴江区东太湖大道 10888 号）以现场方式召开，会议通 知已于 2025 年 10 月 29 日以邮件方式发出。本次会议应参加表决董事 11 人， 实际参加表决董事 11 人，董事陈志明先生因公务原因委托董事唐林才先生出席 并表决。会议由董事长徐晓军先生主持。会议的召开和表决符合《公司法》等 法律法规及本行《章程》的有关规定。 江苏苏州农村商业银行股份有限公司 第七届董事会第十一次临时会议决议公告 江苏苏州农村商业银行股份有限公司（以下简称"本行"或"公司"）董事 会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：603323 证券简称：苏农银行 公告编号：2025-039 会议对如下议案进行了审议并表决： 王亮先生的行长任职资格尚需取得国家金融监督管理机构的核准。在此之 前，由王亮先生代为履行行长职责，代为履职期限自本次董事会决议生效之日 起，至王亮先生的行长任职资格获核准之日止，最长不超过 6 个月。 二、关于聘任副行长的 ...

人民财讯11月4日电，苏农银行（603323）11月4日公告，近日，本行董事会收到董事、行长庄颖杰提交 的书面辞职报告。庄颖杰由于工作变动原因，申请辞去本行董事及董事会专门委员会相关职务、行长职 务。 ...

Core Points - The announcement from Su Nong Bank indicates the appointment of Wang Liang as the president, along with Fei Haibin and Geng Zhi as vice presidents, with their terms aligned with the seventh board of directors [1] - Wang Liang's interim role has been in place for no more than six months, pending approval from the national financial regulatory authority [1] - The meeting also proposed Wang Liang and Xia Lijun as candidates for executive directors of the seventh board, subject to election by the shareholders' meeting [1] - The board agreed to establish an authorization letter for the president, with a second temporary shareholders' meeting scheduled for November 20, 2025 [1]

Core Viewpoint - SuNong Bank announced the resignation of its president, Mr. Zhuang Yingjie, due to work-related changes, which will not affect the board's operations or management [1] Summary by Relevant Sections - **Resignation Announcement** - Mr. Zhuang Yingjie submitted a written resignation report to the board of directors [1] - His resignation will take effect upon delivery of the resignation report to the board [1] - **Impact on the Company** - The resignation will not result in the board having fewer members than legally required [1] - The normal operation and management of the bank will remain unaffected [1] - **Commitments** - As of the announcement date, Mr. Zhuang Yingjie has no outstanding public commitments [1]

Core Insights - The rural commercial bank sector experienced a rise of 1.31% on November 4, with Jiangyin Bank leading the gains [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Stock Performance - Jiangyin Bank (002807) closed at 5.08, up 3.67% with a trading volume of 982,600 shares and a transaction value of 494 million [1] - Ruifeng Bank (601528) closed at 5.62, up 2.00% with a trading volume of 260,900 shares [1] - Changshu Bank (601128) closed at 7.23, up 1.83% with a trading volume of 917,900 shares [1] - Zhangjiagang Bank (002839) closed at 4.60, up 1.77% with a trading volume of 519,600 shares [1] - Sunong Bank (603323) closed at 5.30, up 1.73% with a trading volume of 383,600 shares [1] - Hunan Agricultural Commercial Bank (601825) closed at 8.75, up 1.63% with a trading volume of 234,300 shares [1] - Qingnong Bank (002958) closed at 3.28, up 1.23% with a trading volume of 645,800 shares [1] - Zijin Bank (601860) closed at 2.87, up 1.06% with a trading volume of 475,900 shares [1] - Wuxi Bank (600908) closed at 6.24, up 0.97% with a trading volume of 225,500 shares [1] - Chongqing Rural Commercial Bank (601077) closed at 7.15, up 0.14% with a trading volume of 411,800 shares [1] Capital Flow - The rural commercial bank sector saw a net outflow of 97.9162 million from institutional investors and 7.3315 million from retail investors, while retail investors had a net inflow of 105 million [1] - Jiangyin Bank experienced a net outflow of 29.0366 million from institutional investors, with a net inflow of 10.6027 million from retail investors [2] - Wuxi Bank had a significant net outflow of 24.3647 million from institutional investors, with a net inflow of 19.8965 million from retail investors [2] - Changshu Bank saw a net outflow of 33.9791 million from institutional investors, while retail investors had a net inflow of 46.5376 million [2]

Core Viewpoint - The banking sector continues to show positive momentum, with several banks experiencing significant stock price increases on November 4th, indicating a bullish trend in the market [1]. Group 1: Stock Performance - Shanghai Bank, CITIC Bank, Industrial Bank, China Merchants Bank, Xiamen Bank, and Postal Savings Bank all saw stock price increases of over 2% [1]. - Specific stock performance data includes: - CITIC Bank: +2.29%, current price 8.04 [2] - Industrial Bank: +2.24%, current price 21.02 [2] - Shanghai Bank: +2.27%, current price 9.90 [2] - China Merchants Bank: +2.23%, current price 42.72 [2] - Xiamen Bank: +2.11%, current price 7.25 [2] - Postal Savings Bank: +2.08%, current price 5.90 [2] - Other banks also showed positive performance, with Agricultural Bank up by 1.87% and Industrial and Commercial Bank up by 1.65% [2].

Market Performance - The rural commercial bank sector increased by 1.58% on November 3, with Chongqing Rural Commercial Bank leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Individual Stock Performance - Chongqing Rural Commercial Bank (601077) closed at 7.14, up 3.18% with a trading volume of 856,500 shares and a transaction value of 606 million yuan [1] - Jiangyin Bank (002807) closed at 4.90, up 3.16% with a trading volume of 857,100 shares and a transaction value of 416 million yuan [1] - Wuxi Bank (600908) closed at 6.18, up 1.81% with a trading volume of 271,400 shares and a transaction value of 167 million yuan [1] - Other notable performances include Zhangjiagang Bank (002839) up 1.80% and Shanghai Rural Commercial Bank (601825) up 0.94% [1] Capital Flow Analysis - The rural commercial bank sector experienced a net outflow of 43.08 million yuan from institutional investors, while retail investors saw a net inflow of 35.81 million yuan [1] - The table indicates that Chongqing Rural Commercial Bank had a net inflow of 13.38 million yuan from institutional investors but a net outflow of 64.68 million yuan from retail investors [2] - Jiangyin Bank had a net inflow of 2.47 million yuan from retail investors despite a net outflow from institutional and speculative investors [2]

Core Insights - The recent disclosure evaluation results for listed banks in China for the 2024-2025 period show that all listed banks received ratings of B or above, with 22 banks rated A, indicating a strong performance in information disclosure [1] Summary by Category Overall Ratings - All listed banks achieved a rating of B or higher, with 22 banks rated A, reflecting consistent performance compared to the previous year [1] - Only six banks experienced rating changes, with five banks improving their ratings and one bank, Shanghai Bank, experiencing a downgrade [1] Banks with Rating Changes - The following banks improved their ratings: - Zhangjiagang Bank - Hangzhou Bank - Huaxia Bank - Everbright Bank - Zhejiang Commercial Bank [1] - Shanghai Bank was the only bank to see a downgrade in its rating [1] Detailed Ratings - A selection of banks and their ratings includes: - Ping An Bank: A - Ningbo Bank: A - Agricultural Bank of China: A - Industrial and Commercial Bank of China: A - Shanghai Bank: B (downgraded) [2]

Core Insights - The A-share listed banking sector experienced a significant decline of over 13% in the third quarter of 2025, following a strong performance in the previous year, while insurance funds continued to increase their holdings in bank stocks [1][6] Group 1: New Shareholder Dynamics - In the third quarter, six insurance companies entered the top ten shareholders of six A-share listed banks, indicating a growing presence of insurance capital in the banking sector [1] - China Life Insurance Company entered the top ten shareholders of Industrial and Commercial Bank of China (ICBC) with 757 million shares, representing 0.21% of the bank's total shares [2] - Other banks such as Wuxi Bank, Nanjing Bank, and Changshu Bank also saw new insurance capital entering their top ten shareholder lists [2] Group 2: Continued Investment by Insurance Funds - Several insurance companies that had already entered the top ten shareholders of listed banks continued to increase their holdings in the third quarter, with some seeking board seats [4] - For instance, Dajia Life Insurance increased its stake in Industrial Bank by 62.12 million shares, raising its holding to 3.38% [4] - China Life Insurance and Guomin Pension Insurance also increased their stakes in Suzhou Bank, reaching 3.4% and 2.76% respectively by the end of September [4] Group 3: Major Shareholder Concentration - By the end of the third quarter, at least two insurance companies were listed among the top ten shareholders of 12 A-share listed banks, highlighting a trend of concentration of insurance capital [6] - Zheshang Bank had four insurance shareholders, while banks like Industrial Bank and Changsha Bank had three [6] - The top five shareholders of Industrial Bank collectively held over 50% of the bank's shares, indicating strong institutional support [6] Group 4: Investment Strategy Insights - Insurance asset management institutions are focusing on companies with strong fundamentals and stable dividend growth potential for their core holdings [7]

Core Viewpoint - The company demonstrates stable performance with a slight increase in net profit, supported by provisions and a recovery in non-interest income [1][2][3] Group 1: Financial Performance - In the first three quarters of 2025, the company achieved revenue and net profit attributable to shareholders of 3.221 billion and 1.708 billion yuan, respectively, with year-on-year growth of 0.08% and 5.01% [1] - The annualized weighted ROE for the first three quarters of 2025 was 12.03%, a decrease of 0.88 percentage points year-on-year [1] - In Q3 alone, revenue was 941 million yuan, a year-on-year decline of 0.23%, while net profit attributable to shareholders was 530 million yuan, an increase of 4.54% year-on-year [1] Group 2: Asset Growth and Structure - As of September 2025, total assets grew by 7.9% year-on-year to 226.7 billion yuan, with accelerated expansion in Q3 [1] - Loans (excluding accrued interest) increased by 8.7% year-on-year to 138 billion yuan, with a quarterly increase of 4.5 percentage points compared to June [1] - New credit issued in the first three quarters totaled 8.635 billion yuan, with corporate loans accounting for 6.480 billion yuan [1][2] Group 3: Income Sources and Cost Control - The net interest margin for Q3 was 1.22%, a decrease of 5 basis points from Q2, but the decline in margin has narrowed [2] - Net interest income for the first three quarters fell by 3.8% year-on-year to 2.058 billion yuan [2] - Non-interest income, including fees and commissions, showed strong growth, with net commission income increasing by 21.3% and other non-interest income rising by 20.8% [2] Group 4: Asset Quality - The non-performing loan ratio remained stable at 0.90% as of September, unchanged from June [3] - The provision coverage ratio was 355.85%, a decrease of 31.03 percentage points from March, but still at a high level [3] - The attention ratio improved marginally to 1.24%, down 5 basis points from March [3]