On December 27, 2024, CM BANK held a Board of Directors meeting and passed important senior personnel appointment resolutions. The meeting agreed to appoint Mr. Lei Caihua and Mr. Xu Mingjie as vice presidents of CM BANK, with their terms beginning from the date of approval of their vice president qualifications by the National Financial Regulatory Administration and ending on the day the 12th Board of Directors term expires. At the same time, the Board of Directors accepted Mr. Zhong Desheng's request to resign from the position of vice president due to work reasons, effective from December 27, 2024.Mr. Lei Caihua, 50 years old, has held key positions in various departments and branch presidents at CM BANK's headquarters and currently serves as assistant...Show More

On December 27, 2024, CM BANK held a Board of Directors meeting and passed important senior personnel appointment resolutions. The meeting agreed to appoint Mr. Lei Caihua and Mr. Xu Mingjie as vice presidents of CM BANK, with their terms beginning from the date of approval of their vice president qualifications by the National Financial Regulatory Administration and ending on the day the 12th Board of Directors term expires. At the same time, the Board of Directors accepted Mr. Zhong Desheng's request to resign from the position of vice president due to work reasons, effective from December 27, 2024.Mr. Lei Caihua, 50 years old, has held key positions in various departments and branch presidents at CM BANK's headquarters and currently serves as assistant to the president and president of the Shanghai branch and the Shanghai Free Trade Zone branch. Mr. Xu Mingjie, 56 years old, has held senior management positions in several departments at CM BANK's headquarters and currently serves as assistant to the president and president of the Peking branch. Both newly appointed vice presidents have extensive banking management experience and professional backgrounds. The Board of Directors highly appreciates and sincerely thanks Mr. Zhong Desheng for his contributions during his tenure.The independent directors expressed their independent opinion on this senior management appointment, believing that the appointment procedures comply with the laws, regulations, and the company's articles of association, and that Mr. Lei Caihua and Mr. Xu Mingjie meet the qualifications for senior management in Financial Institutions. At the same time, the independent directors believe that Mr. Zhong Desheng's resignation procedures are legal and valid, and will not affect the normal Operation of CM BANK.