First case! The Ministry of Finance assigns directors to joint-stock banks.

Guangfa Bank held its second interim shareholders' meeting for the year 2025 yesterday, electing Lin Xuebing, nominated by the Ministry of Finance, as a director. In the past, the Ministry of Finance has appointed equity directors to large state-owned banks, but this is the first time they have done so for a joint-stock commercial bank. Guangfa Bank is currently the only nationwide joint-stock bank in which the Ministry of Finance holds shares, owning 5.218% of the bank's shares. Guangfa Bank told reporters: the Ministry of Finance's nomination of equity directors to the bank objectively aims to better fulfill the responsibilities of state-owned financial capital investors, reflecting a certain degree of attention and support for the bank. It is believed that this will have a positive impact on Guangfa Bank's operation, management, and corporate governance.