Chongqing Rural Commercial Bank announces board appointments and resignations

Chongqing Rural Commercial Bank Co., Ltd. held its 2024 annual general meeting on May 21, 2025, where the election of Ma Bao, Dong Bin, and Yuan Gang as non-executive directors was approved. The National Financial Regulatory Administration Chongqing Office has since approved their qualifications, with their appointments effective from December 11, 2025, until the current board session expires. The bank will convene a board meeting to appoint these new directors to special committees.

In addition to the new appointments, Hu Chun and Yin Xianglin resigned as non-executive directors, effective December 11, 2025, due to personal work arrangements. The bank also received a resignation letter from Zhang Qiaoyun, an independent non-executive director, effective December 11, 2025. Zhang resigned due to regulatory requirements concerning the six-year term limit for independent non-executive directors.

The resignations of Hu Chun and Zhang Qiaoyun will lead to a review of the nomination committee's composition to ensure compliance with Listing Rule 3.27A and Code Provision B.3.5, which require specific gender representation and an independent chairman. The board will adjust the committee's membership as needed and issue further announcements.