China Zheshang Bank (02016) has recommended appointing L Linhua as an executive director.

China Zheshang Bank (02016) announced that the Board of Directors has proposed to appoint Mr. Lv Linhua as the Executive Director of the seventh Board of Directors. The Board of Directors received Mr. Chen Haiqiang's resignation letter on December 31, 2025. Mr. Chen Haiqiang will no longer serve as the President of the bank due to work arrangements, and his resignation will be effective on December 31, 2025. The Board of Directors passed a resolution on December 31, 2025, appointing Mr. Lv Linhua as the President of the bank, with a term consistent with the seventh Board of Directors. According to relevant regulations, Mr. Lv Linhua's qualifications as President are subject to approval by the China Banking Regulatory Commission. Before his qualifications as President are approved, Mr. Lv Linhua will act on behalf of the President of the bank.