China Zheshang Bank (02016) appoints Wang Guocai as a member of the Nomination and Remuneration Committee.

China Zheshang Bank (02016) announced that the Board of Directors recently received resignation reports from Zhou Zhifang and Wang Guocai. Due to the fact that Zhou Zhifang and Wang Guocai have served as independent non-executive directors consecutively approaching the term limit, Zhou Zhifang has resigned from the position of independent non-executive director, Chairman of the Board Risk and Related Party Transaction Control Committee, member of the Board Nomination and Remuneration Committee, and member of the Board Consumer Rights Protection Committee, while Wang Guocai has resigned from the position of independent non-executive director, Chairman of the Board Consumer Rights Protection Committee, and member of the Board Risk and Related Party Transaction Control Committee. On September 24, 2024, the Board of Directors resolved to (i) nominate Wang Guocai as a member of the Board Nomination and Remuneration Committee; (ii) appoint Wang Wei as the Chairman of the Board Risk and Related Party Transaction Control Committee; and (iii) appoint Xu Yongbin as a member of the Board Consumer Rights Protection Committee.