Bank of China board proposes Cai Zhao as executive director

On September 24, 2025, Bank of China Limited’s board of directors unanimously approved the nomination of Cai Zhao as a candidate for executive director. All 14 attending directors voted in favor of the proposal, which will now be submitted to a general meeting of shareholders for approval. Independent non-executive directors affirmed that Cai Zhao’s qualifications and nomination process comply with relevant laws, regulations, and the bank’s articles of association.

Cai Zhao joined Bank of China in 2023, serving as vice president since September 2023, and concurrently as a non-executive director of BOC Hong Kong (Holdings) Limited and Bank of China (Hong Kong) Limited since August 2025. His prior experience includes extensive work at Agricultural Bank of China, where he held roles such as chief information officer, general manager of technology and product management, and general manager of the research and development center.

Cai Zhao’s three-year term as director will commence upon approval of his qualification by the National Administration of Financial Regulation. His remuneration will be determined in accordance with national policies, with annual distribution plans reviewed by the bank’s Human Resources and Remuneration Committee and recommended to the board for shareholder approval.