Bank of China names Raymond Woo an independent director

Bank of China Limited has officially announced the appointment of Raymond Woo Chin Wan as an independent non-executive director. This appointment was approved at the bank's 2024 annual general meeting held on June 27, 2025, and subsequently received qualification approval from the National Financial Regulatory Administration. Mr. Woo's term of office as a director of the bank is three years.

Effective November 7, 2025, Mr. Woo will not only serve as an independent non-executive director but also assume key roles within the board's committees. He has been appointed as the chair and a member of the connected transactions control committee, a member of the audit committee, and a member of the nomination and remuneration committee. The board of directors extended a welcome to Mr. Woo on his joining.

The bank's independent non-executive directors' remuneration is determined based on standards approved by the shareholders' meeting, with actual remuneration reflecting duty performance assessments. The nomination and remuneration committee is responsible for reviewing and recommending the annual remuneration scheme to the board for shareholder approval. Further details regarding director remuneration are available in the bank's annual report and related announcements.