Shang Hai Zheng Quan Bao·2025-12-19 21:10Core Viewpoint - China Everbright Bank's board of directors held its second meeting of the tenth session on December 19, 2025, to discuss and approve various proposals, including updates on credit loss models and compliance management policies [1][2][3][4][5][6][9]. Group 1: Meeting Resolutions - The board approved a report on the implementation of the expected credit loss model and its parameter optimization for the second half of 2025, with unanimous support from all 14 votes [2]. - A revision of the bank's anti-money laundering risk management policy was also unanimously approved [3]. - The establishment of a basic compliance management method was approved with full support [4]. - The revision of the internal audit management manual received unanimous approval [5]. - The 2026 audit plan was approved with all votes in favor [6]. - A special audit report on business continuity management was also approved unanimously [7]. - The board discussed the evaluation conclusions for senior management for the year 2024, with 12 votes in favor [9]. Group 2: Related Party Transactions - The bank plans to agree to a disposal plan for the New Everbright Center project, which involves assets from before the asset management regulations, with a total project balance of 38.24 billion yuan [14][16]. - The project financing is backed by collateral including land and buildings, with an estimated collateral value of approximately 7.6 billion yuan [14][16]. - The transaction has been reviewed and approved by the board's related party transaction control committee and independent directors, and does not require shareholder or regulatory approval [15][24]. - The related parties involved are controlled by the bank's major shareholder, China Everbright Group, and the transaction is considered normal business activity for the bank [18][23]. Group 3: Corporate Governance Changes - The bank's articles of association were revised and approved by the National Financial Regulatory Administration, eliminating the supervisory board and transferring its responsibilities to the audit committee of the board [26][27][28]. - The changes were made following the authorization from the shareholders' meeting and regulatory feedback, ensuring compliance with legal requirements [26][27].