Bank of Shanghai announces director departure, new vice president appointment

Bank of Shanghai has announced that Mr. Gu Jinsan, a non-executive director and member of the board's Strategy and Nomination & Remuneration Committees, will resign effective December 4, 2025, due to age. His departure marks the completion of his term for the sixth board of directors. The bank confirmed that his departure will not impact the company's operations and that all necessary handovers have been completed.

In a related development, the National Financial Regulatory Administration Shanghai Supervision Bureau has approved Mr. Chen Lei's appointment as vice president of Bank of Shanghai. This approval follows the bank’s board meeting on August 29, 2025.

These changes reflect a strategic adjustment in the bank’s leadership structure. Both announcements were made by the Bank of Shanghai Board of Directors on December 5, 2025.