Jiangsu Bank plans to no longer establish a board of supervisors.

On November 17th, Jiangsu Bank announced the resolution of the 2025 second extraordinary shareholders' meeting, which approved the proposal on the matter of no longer establishing a supervisory board at Jiangsu Bank Limited Company. According to the Company Law of the People's Republic of China and other laws and regulations, regulatory provisions, and relevant documents, Jiangsu Bank will no longer establish a supervisory board. The Audit Committee of the Board will exercise the powers of the supervisory board as stipulated by the Company Law of the People's Republic of China and regulatory requirements. The specialized committees under the supervisory board will be disbanded simultaneously. The rules of the Jiangsu Bank Limited Company Supervisory Board Meeting and other corporate governance documents related to the supervisory board will be repealed accordingly. The current supervisors will no longer hold positions related to the supervisory board, supervisory board committees, or supervisory board office. The adjustment mentioned above will take effect from the date when the revised Articles of Association of Jiangsu Bank Limited Company are approved by the regulatory authorities. Prior to that, the supervisory board and the supervisory board office will continue to exist to ensure a smooth transition of the related work. This proposal has been approved at the 22nd meeting of the 6th Board of Directors and the 14th meeting of the 6th Supervisory Board of Jiangsu Bank. It is now submitted for approval by the shareholders' meeting and for authorization to the Board of Directors, which will further delegate authority to the senior management to handle all matters related to this proposal. After the revised Articles of Association of Jiangsu Bank Limited Company come into effect, the relevant company regulations will be modified or repealed accordingly.