Group 1 - The core point of the article is the significant personnel and governance structure adjustments at Hangzhou Bank following the implementation of the new Company Law, including the decision to abolish the supervisory board and the appointment of Wang Lixiong as vice president [1][4]. Group 2 - Hangzhou Bank announced that it will no longer establish a supervisory board, with the proposal needing to be submitted for shareholder meeting approval [4]. - Wang Lixiong, who has extensive experience in the banking sector, has been appointed as vice president after resigning from his position as chairman of the supervisory board [1][2]. - The bank's board has praised Wang Lixiong's contributions during his tenure as chairman, highlighting his efforts in enhancing the supervisory system and protecting the rights of stakeholders [2]. Group 3 - As of the announcement date, Hangzhou Bank has a total of seven vice presidents, with the position of president currently vacant [3]. - The changes in governance are influenced by the new Company Law, which allows companies to set up an audit committee within the board instead of maintaining a supervisory board [4]. - Over 20 banks have initiated procedures to abolish their supervisory boards since the new Company Law came into effect on July 1, 2024 [4].