Zheshang Bank announces director resignation and committee changes

China Zheshang Bank (HKEX: 2016) announced the resignation of Mr. Wang Guocai as an independent non-executive Director, following the approval of new independent directors and supplementary selection of special committee members. Mr. Wang also ceased to be the chairman of the Consumer Rights Protection Committee and a member of both the Risk and Related Party Transaction Control Committee, and the Nomination and Remuneration Committee. The bank expressed appreciation for Mr. Wang's contributions. Mr. Shi Hao was elected as the new chairman of the Consumer Rights Protection Committee, and Mr. Lou Weizhong as the chairman of the Risk and Related Party Transaction Control Committee. Mr. Wang Wei was appointed as a member of the Inclusive Finance Development Committee, and Mr. Xu Yongbin ceased to be a member of the Consumer Rights Protection Committee. The changes were resolved by the Board on February 24, 2025.