Postal Savings Bank of China Co., Ltd. Announces Dissolution of Board of Supervisors and Transition of Supervisory Functions to Audit Committee

Postal Savings Bank of China Co., Ltd. held the 2025 second extraordinary general meeting on October 9, 2025, at which the Proposal on Amendments to the Articles of Association of Postal Savings Bank of China Co., Ltd. and the Proposal on the Dissolution of the Board of Supervisors of Postal Savings Bank of China were considered and approved. Recently, the Bank has received the Approval of Amendments to the Articles of Association of Postal Savings Bank of China by the National Financial Regulatory Administration (Jin Fu [2025] No. 713).

From the date on which the Amendments to the Articles of Association of the Bank were approved and became effective, the Bank shall cease to have a Board of Supervisors. The Audit Committee of the Board of Directors shall assume the relevant functions and powers of the Board of Supervisors in accordance with laws. The current Supervisors, namely Mr. Bai Jianjun, Mr. Chen Shimin, Mr. Li Yue, and Mr. Gu Nannan, no longer serve as Supervisors of the Bank or hold any relevant positions on the Board of Supervisors.

The relevant rules of the Board of Supervisors of the Bank shall be abolished simultaneously. During their tenure, the Supervisors of the Bank have diligently and faithfully performed their duties, actively provided constructive suggestions on key areas such as corporate governance, operation and management, risk management, and finance and internal control management, and faithfully fulfilled their supervisory responsibilities, making important contributions to promoting the Bank?s high-quality development. As at the date of this announcement, the Board of Directors of the Bank comprises Mr. Zheng Guoyu as Chairman of the Board and Non-executive Director; Mr. Liu Jianjun and Ms. Yao Hong as Executive Directors; Mr. Liu Xin?an, Mr. Zhang Xuanbo, Mr. Liu Ruigang, Mr. Hu Yuting, Mr. Ding Xiangming, and Mr. Yu Mingxiong as Non-executive Directors; Mr. Wen Tiejun, Mr. Chung Shui Ming Timpson, Ms. Pan Yingli, Mr. Tang Zhihong, Mr. Hong Xiaoyuan, and Mr. Yang Yong as Independent Non-executive Directors.