Hua Er Jie Jian Wen·2025-09-23 15:39Core Viewpoint - Postal Savings Bank of China announced the resignation of its supervisor, Chen Yuejun, due to reaching the statutory retirement age, effective September 23, 2025. His tenure since 2012 has been marked by significant contributions to the bank's governance and operational stability [1]. Company Summary - Chen Yuejun submitted his resignation to the bank's supervisory board, confirming no disagreements with the board and no necessary notifications to shareholders or creditors [1]. - Chen has served as the supervisor since January 2013, and his leadership has been credited with innovating supervisory methods and enhancing governance mechanisms [1]. - The bank expressed gratitude for Chen's contributions to maintaining the rights of stakeholders and promoting sustainable development [1]. Industry Summary - Several major banks, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and China Merchants Bank, have announced the dissolution of their supervisory boards this year, which is seen as a move to improve governance structures and reduce management costs [1]. - Postal Savings Bank remains one of the few large banks still maintaining a supervisory board, and if it follows the trend of other banks, Chen Yuejun may be the last senior supervisor in this role [1].