Chongqing Rural Commercial Bank announces board changes, new non-executive directors

Chongqing Rural Commercial Bank announced the resignation of Mr. Zhang Qiaoyun from his role as an independent director, effective December 11, 2025. His resignation is due to reaching the six-year term limit for independent directors. This also impacts his positions on various board committees, including the Nominations, Strategy Development, Risk Management, Audit, and Consumer Rights Protection Committees. The bank expressed gratitude for his contributions during his tenure.

Concurrently, the bank received approval from the Chongqing Financial Regulatory Bureau for the appointment of Mr. Ma Bao, Mr. Dong Bin, and Mr. Yuan Gang as non-executive directors. Their appointments are effective immediately, as of December 11, 2025, and their terms will run until the conclusion of the Fifth Board of Directors. The approvals were detailed in the "Reply from Chongqing Financial Regulatory Bureau on the Qualifications of Ma Bao and Other 3 Individuals as Directors of Chongqing Rural Commercial Bank Co., Ltd."

These new appointments lead to the simultaneous resignations of Ms. Hu Chun and Mr. Yin Xianglin from their non-executive director positions. Details of these changes, including the new directors' resumes, were previously disclosed on April 26, 2025, on the Shanghai Stock Exchange website.