SPD Bank appoints new director Lin Huazhe after regulatory approval

Shanghai Pudong Development Bank Company Limited announced the approval of Mr. Lin Huazhe's qualification as a director. The company received the "Reply on the Qualification of Mr. Lin Huazhe as a Director of SPD Bank from the National Financial Regulatory Administration," confirming the clearance for his appointment.

According to relevant regulations, Mr. Lin Huazhe officially assumed his role as a director of the company starting from August 29, 2025. This appointment is a key development for the bank's governance and strategic direction.

The announcement by Shanghai Pudong Development Bank's board of directors, issued on September 1, 2025, reaffirms the board's commitment to transparency and adherence to regulatory requirements. Investors and stakeholders are informed of this change in the company's leadership, which is expected to contribute to the bank's ongoing operations and future initiatives.