On December 12, Suzhou Rural Commercial Bank disclosed that Shen Zhichao has resigned from his positions as director and vice president due to a job change;
Subsequently, Shen Zhichao will no longer hold any positions in the listed company and its holding subsidiaries, completely leaving the Suzhou Rural Commercial Bank system.
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It is worth mentioning that Shen Zhichao is the third core management member to leave Suzhou Rural Commercial Bank this year. In July and November, the bank's former vice president Miao Yuchen and president Zhuang Yingjie submitted their resignations for &#34;work reasons&#34;;
In December two years ago, Zhuang, Miao, and Shen were all appointed as senior executives of Suzhou Rural Commercial Bank, and now they have all left in the same period.
When Zhuang Yingjie left in early November this year, Suzhou Rural Commercial Bank simultaneously announced the candidates for the new president and vice president:
Wang Liang, who was previously transferred from Suzhou Rural Commercial Bank to Jiangnan Rural Commercial Bank and Yangzhou Rural Commercial Bank, will return to Suzhou Rural Commercial Bank as president;
Fei Haibin, who grew up within Suzhou Rural Commercial Bank, and Geng Zhi, from Changshu Bank, will serve as vice presidents.
Xinfeng noted that after Shen Zhichao's departure, the executive team of Suzhou Rural Commercial Bank has returned to the &#34;one president and four vice presidents&#34; structure seen in early 2025, although more than half of the members have changed, and the team is leaning towards being younger;
Currently, the bank's chairman Xu Xiaojun is from the &#34;70s&#34; generation, the two &#34;old vice presidents&#34; Qiu Ping and Xia Lijun are from the &#34;75s,&#34; the new president Wang Liang is from the &#34;80s,&#34; and the new vice presidents Fei Haibin and Geng Zhi are both from the &#34;85s.&#34;
In the past decade, Suzhou Rural Commercial Bank has performed well, maintaining synchronized growth in revenue and profit since 2017; however, the growth rate has significantly slowed since 2025, with revenue only slightly increasing by 0.08% in the first three quarters, and profit growth narrowing to single digits.
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However, the core dilemma facing Suzhou Rural Commercial Bank may not be weak performance, but rather the divergence between management and minority shareholders:
In late November, the proposal to issue 500 million yuan in sci-tech bonds was approved by the shareholders' meeting with a support rate of 85.69%, where nearly 20% of minority shareholders (holding less than 5%) voted against it;
Earlier, its 2023 dividend plan also faced opposition from 11.27% of minority shareholders, with the opposition rate from shareholders with a market value of over 500,000 reaching 17.63%.
These two divergences indicate that the sensitivity of minority shareholders to the bank's strategy, operations, and profit distribution is continuously increasing.
Previously, the new management team of Suzhou Rural Commercial Bank announced a buyback plan in November, stating that Wang Liang, Fei Haibin, and Geng Zhi would increase their holdings by no less than 1.8 million yuan within the next six months.
Whether the young new management team of Suzhou Rural Commercial Bank can reverse the performance decline and restore shareholder confidence remains to be seen

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On December 12th, Suzhou Rural Commercial Bank disclosed that Shen Zhichao has resigned from his positions as director and vice president due to a job change; subsequently, Shen Zhichao will no longer be in…

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