Chengdu Bank's controller increases stake amid leadership changes

Bank of Chengdu announced its actual controller is actively increasing its shareholding. Between August 27 and September 4, 2025, Chengdu Industrial Capital Group purchased 4,775,500 shares for 8,700.10 million yuan, and Chengdu Xintianyuan Investment Co., Ltd. acquired 4,364,492 shares for 7,959.35 million yuan. These transactions represent 0.1127% and 0.1030% of the bank's total shares, respectively, with both entities committed to further increases. The overall plan aims for a total investment between 69,998.27 million yuan and 139,996.53 million yuan by April 8, 2026.

Concurrently, the bank is undergoing significant leadership changes. On September 4, 2025, Ho Wai Choong resigned as vice chairman and director due to retirement. Following this, the board approved the nominations of Huang Jianjun and Teoh Yih Min as non-independent director candidates, pending regulatory approval. Xu Dengyi, vice chairman and president, will temporarily assume the responsibilities of chairman.

The board also approved changes to its specialized committees, appointing Gu Peidong to the Related Transaction Control and Audit Committee, Yu Li to the Compensation and Assessment Committee, and Yu Haizong to the Credit Approval Special Authorization Committee. These developments highlight a period of strategic investment and governance adjustments for Bank of Chengdu.