China Merchants Bank announces executive director resignation and appointment

China Merchants Bank (HKEX:3968) announced the resignation of executive director Zhu Jiangtao, effective May 23, 2025, due to work arrangements. The Board acknowledged Zhu's contributions and confirmed his completed handover and no outstanding disagreements. Simultaneously, the Board has proposed the appointment of Wang Xiaoqing as an executive director, subject to shareholder and regulatory approval. Wang, currently an Executive Vice President, will serve until the expiry of the twelfth session of the Board, if approved. He brings extensive experience from PICC Asset Management and various roles within China Merchants Bank, including his chairmanship of several subsidiaries. Wang currently holds 62,000 A shares of China Merchants Bank.