China Merchants Bank appoints Xu Mingjie as new chief risk officer

China Merchants Bank Co., Ltd. approved the appointment of Xu Mingjie as the bank's new chief risk officer at its board meeting on October 31, 2025. This appointment is effective once the National Financial Regulatory Administration approves his qualification and will continue until the expiration of the current board of directors.

Xu Mingjie, born in September 1968, previously served as assistant president and has been a vice president of the bank since June 2025. He holds 200,000 A shares of the company.

This appointment follows the resignation of Zhong Desheng from his position as chief risk officer due to work reasons, effective October 31, 2025. Zhong Desheng will continue to serve as a director of the company. The board expressed appreciation for his contributions during his tenure.