Bank of Communications proposes new director, re-elects board members

Bank of Communications Co., Ltd. announced on August 29, 2025, that its board of directors has resolved to propose the appointment of Liu Ruixia as an independent non-executive director. Concurrently, the bank also proposes the re-election of existing executive directors Ren Deqi, Zhang Baojiang, Yin Jiuyong, and Zhou Wanfu, along with non-executive directors Chang Baosheng, Liao Yi Chien David, Chan Siu Chung, Mu Guoxin, and Ai Dong. Additionally, independent non-executive directors Zhang Xiangdong, Li Xiaohui, Wong Tin Chak, Ma Jun, and Xiao Wei are also proposed for re-election. These proposals are subject to shareholder approval at an extraordinary general meeting (EGM).

Liu Ruixia, born in 1961, is a senior economist and currently serves as chief expert of the Green Credit Professional Committee of China Banking Association. Her appointment is expected to enhance the board's expertise in environmental, social, and governance (ESG) matters, green finance, and banking development. Her qualifications, along with those of the re-elected directors, will take effect following EGM approval and, for Liu, subsequent regulatory approval from the National Financial Regulatory Administration.

The term of office for each director, as per the articles of association, is three years. Independent non-executive directors are eligible for re-election but their cumulative term shall not exceed six years. Independent non-executive directors receive an annual fixed basic remuneration of RMB250,000 before tax, with additional performance allowances for committee roles.