Bank of China announces key board member departures

Bank of China (SSE:601988) announced significant changes to its board and executive leadership. Zhang Jiangang will step down from his roles as a non-executive director, member of the Board's Strategy and Development Committee, and member of the Audit Committee. Additionally, Cui Shiping will relinquish his responsibilities as an independent non-executive director and Chairman of the Personnel and Remuneration Committee, as well as member of several other committees including the Corporate Culture and Consumer Rights Protection Committee, the Risk Policy Committee, and the Related Party Transaction Control Committee. Both departures are due to the expiration of their terms. In a separate announcement, Bank of China revealed that Chief Information Officer Meng Qian will resign due to age. All departures are effective June 30, 2025. Bank of China expressed its gratitude to Zhang Jiangang, Cui Shiping, and Meng Qian for their contributions during their tenures.