China Merchants Bank announces director and supervisor changes

China Merchants Bank Co., Ltd. (HKEX: 3968) has announced changes to its board structure, including resignations from its board of supervisors and details on the composition of its board committees. Effective June 25, 2025, Mr. Xu Zhengjun, an External Supervisor and Chairman of the Supervisory Committee, and Ms. Cai Jin, an Employee Supervisor and member of the Nomination Committee, will resign. The resignations, due to term expiry and age respectively, will not cause the number of supervisors to fall below a quorum. The company intends to cancel the Board of Supervisors. Concurrently, the bank provided an updated list of directors and their roles and functions on various board committees, including Strategy and Sustainable Development, Nomination, Remuneration and Appraisal, Risk and Capital Management, and Audit. Key personnel include Miao Jianmin (Chairman), Wang Liang (President and Chief Executive Officer), and Zhong Desheng (Chief Risk Officer). The board is also composed of shareholder, executive and independent non-executive directors.