Jiangyin Bank boosts investment, appoints new chief compliance officer

Jiangsu Jiangyin Rural Commercial Bank (Jiangyin Bank) held its Eighth Board of Directors’ Second Extraordinary Meeting on December 11, 2025, approving a significant investment and executive appointments. The bank plans to increase its investment in Jiangsu Jingjiang Rural Commercial Bank by up to CNY 30,000,000, maintaining a 9.9% stake. This move is based on the latter's asset valuation report and will not affect Jiangyin Bank's consolidated financial statements. All 11 participating directors unanimously approved this resolution.

In a move to strengthen its leadership, the board appointed Mr. Ni Qinghua, an executive director, to also serve as the chief compliance officer. His tenure will align with that of the Eighth Board of Directors. Mr. Ni, born in November 1976, holds a bachelor’s degree and is an engineer. He has a history of leadership roles, including deputy secretary of the Party Committee, director, and president of Jiangyin Bank, and holds 308,902 shares in the company.

Additionally, the board approved the appointment of a new general manager for the Planning and Finance Department. Both executive appointment resolutions received unanimous approval from all 11 directors present, with no opposing votes or abstentions. These decisions were made following reviews by the bank's Strategic Development Committee and Nomination and Remuneration Committee.