Bank of Shanghai discloses 2024 executive compensation details

Bank of Shanghai Co., Ltd. has officially announced the 2024 compensation for its senior management. The disclosure includes fixed annual salaries, unit contributions to social insurance, enterprise annuities, supplementary medical insurance, and housing provident funds, along with long-term incentive income.

Key executives' total compensation includes their respective fixed annual salaries, such as 1,428,600 yuan for the deputy party secretary, vice chairman, president and chief financial officer, 1,222,400 yuan for the vice president and chief information officer, and 1,294,300 yuan for the vice president. These figures reflect a blend of base pay and long-term incentives, with specific individuals like the board secretary and business director receiving higher annual salaries but no long-term incentive income. All listed executives, including former officers, are reported as not receiving compensation from shareholder units or other related parties.

The report also noted changes in management roles during 2204, including the approval of Mr. Wu Jun as business director in March, and the resignations of Mr. Jia Ruijun as chairman of the board of supervisors and Ms. Zhou Ning as chief auditor in October due to retirement and work reassignment, respectively. The compensation figures for these individuals reflect their tenure in their senior management roles during the year.