Zheshang Bank names new non-executive directors amid leadership change

China Zheshang Bank announced the resignations of non-executive directors Ni Defeng and Jin Guozui, effective August 28, 2025, due to work arrangements. Neither will hold any positions with the company post-resignation.

In response, the Seventh Board of Directors' Fifth Meeting, held on August 28, 2025, approved the nomination of Yang Zhaohui and Zheng Xingang as non-executive director candidates. Their terms will commence upon approval by the general meeting of shareholders and regulatory authorities, concluding at the end of the Seventh Board of Directors' term.

The bank also released its 2025 half-year report, noting a 5.76% decrease in operating income to RMB33.248 bn and a 4.15% decrease in net profit attributable to shareholders to RMB7.667 bn. The report highlighted stable asset quality with a non-performing loan ratio of 1.36% and a provision coverage ratio of 169.78%. Additionally, the bank's capital adequacy remained robust, with a capital adequacy ratio of 12.31%, a tier-1 capital adequacy ratio of 9.62%, and a core tier-1 capital adequacy ratio of 8.39%.