Zheshang Bank announces independent director resignation

China Zheshang Bank (SSE:601916) announced the resignation of independent director Wang Guocai, effective February 24, 2025. The resignation stems from Wang Guocai having served the maximum term of six consecutive years as an independent director. Consequent to his resignation, Wang Guocai will no longer serve as the chairman of the Consumer Rights Protection Committee, member of the Risk and Related Party Transaction Control Committee, or member of the Nomination and Remuneration Committee. Zheshang Bank's board confirmed no disagreements with Wang Guocai regarding his resignation, expressing gratitude for his contributions during his tenure. The bank previously approved the nominations of Shi Hao and Lou Weizhong as independent directors and their qualifications have already been approved by the regulatory authority. The announcement was made via an official statement by the Board of Directors on February 24, 2025.