Gelonghui April 17th 丨China CITIC Bank (601998.SH) announced,After receiving the resignation of the Bank's Governor Fang Heying, Fang Heying no longer holds the position of the Bank's Governor due to work arrangements. According to relevant laws and regulations and the relevant provisions of the Bank's constitution, Fang Heying's resignation will take effect on April 17, 2023.

Fang Heying will continue to serve as the Bank's Party Secretary, Vice Chairman, Director, Chairman and Member of the Board Risk Management Committee, member of the Board's Strategy and Sustainable Development Committee, and as a director of the Bank's holding subsidiaries CITIC International Financial Holdings Limited and China CITIC Bank (International) Limited. The board of directors has elected Fang Heying as the Bank's chairman and will take office as soon as China's banking regulator approves his qualifications as chairman.

The board of directors appointed Liu, Deputy Secretary of the Bank's Party Committee, Director, and Executive Vice Governor, as the Bank's Governor. He will officially take office from the day the China Banking Supervisory Authority approves his qualifications as the Bank's Governor. Prior to that, the Board of Directors designated Liu Cheng to perform the duties of the Bank's Governor for a period beginning on the day when Fang Heying's resignation as Bank Governor took effect until the Bank's qualifications were approved by the China Banking Regulatory Authority.