Jiangxi Bank Restructures Governance with NFRA Approval

TipRanks Black Friday Sale Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence. Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off An announcement from Jiangxi Bank Co., Ltd. Class H ( (HK:1916) ) is now available. Jiangxi Bank Co., Ltd. has received approval from the NFRA Jiangxi Bureau for amendments to its Articles of Association, which were approved by shareholders at the 2024 Annual General Meeting. As a result, the Bank will abolish its Board of Supervisors, with its functions now being performed by the Audit Committee of the Board. This restructuring is part of the Bank’s efforts to streamline its governance structure, as confirmed by the departing supervisors who have no disagreements with the Bank. More about Jiangxi Bank Co., Ltd. Class H Jiangxi Bank Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, focusing on providing banking services. It is not authorized to carry on banking or deposit-taking business in Hong Kong and is not under the supervision of the Hong Kong Monetary Authority. Average Trading Volume: 1,175,935 Technical Sentiment Signal: Sell Current Market Cap: HK$4.22B Find detailed analytics on 1916 stock on TipRanks’ Stock Analysis page.