China Merchants Bank: Appoints Mr. Wang Xiaoqing as President of China Merchants Bank. Executive Director and President Wang Liang resigns due to age reasons.

China Merchants Bank announced that the company's executive director and president, Wang Liang, has resigned from his positions of executive director and president due to age reasons, and the resignation will take effect on April 30, 2026. Wang Liang confirmed that he had no disagreements with the board of directors, and the board of directors highly praised his contributions and awarded him the title of "China Merchants Bank Honorary Lifelong Member." In addition, the board of directors approved the appointment of Mr. Wang Xiaoqing as the president of China Merchants Bank, with a term from the date the company receives approval from the China Banking and Insurance Regulatory Commission until the expiration of the thirteenth session of the board of directors. From the date of the board's approval of this proposal, Mr. Wang Xiaoqing will act as the president of China Merchants Bank until his term as president takes effect.