Zhejiang Merchants Bank (02016.HK) external supervisor Gao Qiang is suspected of serious violation of discipline and law, and is currently under investigation.

China Merchants Bank (02016.HK) issued a notice on the Zhitong Finance and Economics APP, the bank learned from the website of the Central Commission for Discipline Inspection and the National Supervision Commission that Gao Qiang, former party secretary and president of the Zhejiang Branch of China Construction Bank, is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review by the discipline inspection and supervision team of the Central Commission for Discipline Inspection and the National Supervision Commission stationed at China Construction Bank, as well as investigation by the supervision commission of Tongzhou District, Beijing.