ICBC announces director retirement, completes Tier 2 capital issuance

Industrial and Commercial Bank of China (ICBC) has announced the retirement of Mr. Fred Zuliu Hu as an Independent Non-executive Director, effective April 30, 2025, due to the expiration of his term. Mr. Hu also served as chairman and member of the Nomination Committee, and member of the Strategy Committee, the Audit Committee, and the Compensation Committee. ICBC's board expressed their gratitude for Mr. Hu's diligent service and contributions to areas including corporate governance, strategic planning, and risk management.