Bank of Communications announces new board leadership and committee structure

Bank of Communications Co., Ltd. announced the election of its eleventh session board of directors, approved by shareholders on September 25, 2025. Ren Deqi was elected as chairman of the board, with Zhang Baojiang appointed as vice chairman.

Directors re-elected include executive directors Ren Deqi, Zhang Baojiang, Yin Jiuyong, and Zhou Wanfu; non-executive directors Chang Baosheng, Liao, Yi Chien David, Chan Siu Chung, Mu Guoxin, and Ai Dong; and independent non-executive directors Zhang Xiangdong, Li Xiaohui, Ma Jun, Wong Tin Chak, and Xiao Wei. Liu Ruixia was also appointed as an independent non-executive director, pending regulatory approval.

The bank also established new special committees under the eleventh session of the board. Ren Deqi will chair the strategy committee (inclusive finance development committee), Li Xiaohui will chair the audit committee, and Zhang Xiangdong will lead the risk management and related party transactions control committee. Xiao Wei was appointed chairman of the personnel and remuneration committee, while Zhang Baojiang will chair the social responsibility (environmental, social and governance) and consumer protection committee.

These appointments reflect a structured transition in leadership, with Luo Xiaopeng, a director of the tenth session, retiring after the conclusion of the EGM. Shi Lei will continue to serve on relevant special committees until Liu Ruixia's qualification as a director is approved by the National Financial Regulatory Administration.