China Zheshang Bank Co., Ltd Announces Board and Committee Changes
July 15, 2021 at 10:48 am EDT
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The board of directors (the "Board") of China Zheshang Bank Co. Ltd. (the "Bank") announced that, on July 15, 2021, the Board resolved to elect Mr. Shen Renkang as the chairman of the sixth session of the Board, with a term same as the term of office of the sixth session of the Board. The bank also announced the appointment of Mr. Shen Renkang as Chairman of Strategic Committee and Mr. Zhang Rongsen; Ms. Ma Hong; Mr. Chen Haiqiang; Mr. Hou Xingchuan; Mr. Ren Zhixiang; Mr. Zhu Weiming; Mr. Guan Pinfang as Members of Strategic Committee, Mr. Xu Yongbin as Chairman of Audit Committee, Mr. Wang Wei as member of Audit Committee, Mr. Zheng Jindu as member of Risk and Related Party Transaction Control Committee, Mr. Wang Wei as Chairman of Nomination and Remuneration Committee and Mr. Zhou Zhifang; and Mr. Xu Yongbin as members Of Nomination and Remuneration Committee, Mr. Wang Guocai as Chairman and Mr. Zheng Jindu; Mr. Zhou Zhifang as Members of Consumer Rights Protection Committee and Mr. Shen Renkang as Chairman and Mr. Zhang Rongsen; Ms. Ma Hong; Mr. Chen Haiqiang; Mr. Hou Xingchuan; Mr. Ren Zhixiang; Mr. Zhu Weiming; Mr. Guan Pinfang as Members of Inclusive Finance Development Committee. The positions of Mr. Zhang Rongsen, Ms. Ma Hong, Mr. Chen Haiqiang, Mr. Hou Xingchuan, Mr. Xu Yongbin and Mr. Guan Pinfang shall be effective from the ratification of their eligibilities by the China Banking and Insurance Regulatory Commission (the "CBIRC"). Before then, for the operation of certain committees, Mr. Dai Deming will continue to serve as the chairman of the audit committee; Mr. Tong Benli will continue to serve as a member of the audit committee and a member of the nomination and remuneration committee; Mr. Liu Pak Wai will continue to serve as a member of the strategic committee and a member of the inclusive finance development committee. The Board announced that, on July 15, 2021, the Board resolved to appoint Mr. Liu Long as the secretary to the Board and the company secretary of the Bank each with a term same as the term of office of the sixth session of the Board. The Board announced that, on July 15, 2021, the Board resolved to appoint Mr. Zhang Rongsen and Mr. Liu Long as authorised representatives of the Bank.
China Zheshang Bank Co Ltd is a China-based company operates as a commercial bank. The Bank operates its businesses through segments: Corporate Banking segment, which provides financial products and services to corporations, government agencies and financial institutions, and its range of products and services include corporate loans and advances, trade finance, deposit products and other types of corporate intermediary services; Retail Banking segment, which provides financial products and services to individual customers, and its range of products and services includes personal loans and advances, deposit products, bank cards business and other types of personal intermediary services; Treasury Business segment, which conducts money market and repurchase transactions, debt instruments investments and financial derivatives business for proprietary trading or on behalf of customers, and Others segment.