Bank of Beijing announces departure of director and president

Bank of Beijing (SSE: 601169) announced the resignation of Yang Shujian from his positions as Director, President, Chairman of the Board's Risk Management Committee, and member of the Board's Remuneration Committee, effective immediately upon submission of his resignation to the Board. According to the announcement, the resignation is due to a job transfer. The bank expressed its gratitude to Yang Shujian for his contributions during his tenure, highlighting his role in implementing strategic initiatives, driving digital transformation, enhancing operational efficiency, and strengthening risk management. The Board of Directors commended him for his dedication and significant achievements in improving the bank's performance and service to the real economy. The announcement was made by the Board of Directors on February 28, 2025.