Zhejiang Merchants Bank (02016.HK) relieves the outer supervisor's duties of the high-strength board of supervisors.

According to the Zheshang Bank (02016.HK) announcement on the Zhitong Finance and Economics APP, due to Gao Qiang's inability to perform his duties, the bank held the eleventh meeting of the seventh session of the Supervisory Board on May 7, 2025. After deliberation, the meeting passed the "Proposal to remove Gao Qiang from the position of external supervisor of the seventh session of the Supervisory Board and Chairman of the Nomination Committee." It was agreed to remove Gao Qiang from the positions of external supervisor of the Supervisory Board and Chairman of the Nomination Committee and to submit it for approval at the bank's Shareholders' Meeting. The removal of Gao Qiang as Chairman of the Nomination Committee of the Supervisory Committee is effective from the date of this announcement, while the removal of Gao Qiang as an external supervisor of the Supervisory Committee will be effective pending approval by the bank's shareholders.