Xin Lang Cai Jing·2025-12-11 10:05Core Viewpoint - The recent extraordinary general meeting of Chongqing Rural Commercial Bank (渝农商行) revealed significant divisions between A-share and H-share shareholders regarding proposed amendments to the company's articles of association and board meeting rules, highlighting the challenges of balancing interests between different shareholder groups [1][15]. Shareholder Meeting Attendance - A total of 577 shareholders and proxies attended the meeting, with 576 being A-share shareholders and 1 being an H-share shareholder [2][11]. - The total number of voting shares held by attending shareholders was 4,990,319,075, with A-share shareholders holding 4,162,130,030 shares and H-share shareholders holding 828,189,045 shares [2][12]. - The voting shares represented 46.58% of the total voting shares of the company [2][12]. Voting Results - The proposed amendments to the articles of association and board meeting rules faced significant opposition from H-share shareholders, with only 38.03% in favor and 58.49% against the articles of association amendment [3][13]. - In contrast, A-share shareholders showed overwhelming support, with 97.99% in favor and only 1.70% against the same amendment [3][13]. Changes in Company Articles - The amendments included changes to Article 254 regarding dividend distribution, removing the six-year claim period for foreign shareholders to claim dividends, which previously allowed the bank to confiscate unclaimed dividends after six years [4][14]. - This change aims to better balance the interests of A-share and H-share shareholders [15]. Board of Directors Changes - The board of directors saw the approval of three new non-executive directors: Ma Bao, Dong Bin, and Yuan Gang, after an eight-month wait for regulatory approval [6][17]. - Following these additions, the number of non-executive directors increased to six, while the number of independent directors decreased to three due to the resignation of Zhang Qiaoyun after serving six years [20]. Executive Director Status - Currently, the only executive director is the bank's president, Sui Jun, while the nomination of Liu Xiaojun as an executive director has yet to receive approval after eight months [21][22].