China Development Bank International Investment announces new board chairman

China Development Bank International Investment Limited announced the resignation of Lu Yanpo as executive director, chairman of the board, and chairman of the nomination committee, effective November 17, 2025. His departure is attributed to a work adjustment. Lu confirmed no disagreement with the board and no matters requiring shareholder attention.

Concurrently, Li Yixuan has been appointed as the new chairman of the board and chairman of the nomination committee, also effective November 17, 2025. Li, aged 51, holds a master's degree from the University of Cambridge and brings over 20 years of experience in loan, administrative, risk, and investment management. He currently serves as president and sole director of China Development Bank International Holdings Limited.

Li has a three-year service contract commencing November 17, 2025, with no remuneration for his non-executive director role, though the board may provide benefits at its discretion. The board expressed appreciation for Lu's contributions and congratulated Li on his new appointments. As of the announcement date, the board comprises Li Yixuan as non-executive director and three independent non-executive directors: Sin Yui Man, Fang Xuan, and Cheung Ngai Lam.