Luzhou Bank proposes new directors, board committee appointments

Luzhou Bank Co., Ltd. announced a series of leadership changes, including the proposed appointment of Wang Jie as a non-executive director (NED) and Qiu Wei as an independent non-executive director (INED). Wang, currently an equity director for Luzhou Municipal State-owned Financial Enterprises, holds a bachelor of management in accounting. Her appointment, subject to regulatory approval, will not include remuneration from the bank.

Qiu Wei, with a PhD in finance and certified as a senior economist, is proposed as an INED and will receive an annual allowance of HK$350,000 plus 1,000 yuan per meeting attended. His appointment is also contingent on approval from the Sichuan Bureau of the National Financial Regulatory Administration. Concurrently, Gao Jinkang has resigned as an INED due to personal work adjustment, effective November 26, 2025.

In addition to director appointments, Qiu is proposed to join the Audit Committee and the Nomination and Remuneration Committee. Han Zirong has been appointed chairperson of the Related Party (Connected) Transactions Control Committee. These changes, set to be considered at the forthcoming 2025 first extraordinary general meeting, aim to comply with listing rules and strengthen Luzhou Bank's governance structure.