Bank of Communications (03328): Approved the election of Ren Deqi as the bank's chairman

Zhitong Finance App News, Bank of Communications (03328) issued an announcement. At the extraordinary shareholders' meeting, shareholders officially approved the re-election of Mr. Ren Deqi, Mr. Zhang Baojiang, Mr. Yin Jiuyong and Mr. Zhou Wanfu as executive directors of the 11th board of directors, and Mr. Chang Baosheng, Mr. Liao Yijian, Mr. Chen Shaozong, Mr. Mu Guoxin and Mr. Ai Dong as non-executive directors of the 11th board of directors. Mr. Zhang Xiangdong, Ms. Li Xiaohui, Mr. Ma Liujun, Mr. Wang Tianze and Mr. Xiao Wei were appointed as independent executive directors of the 11th board of directors; Ms. Ruixia served as the 11th director It will be an independent non-executive director.

Mr. Luo Xiaopeng, a director of the 10th board of directors, retired after the Extraordinary General Meeting of Shareholders.

The Board of Directors is pleased to announce that the first meeting of the 11th Board of Directors was held on September 25, 2025 and resolved to pass the following matters:

Mr. Ren Deqi was elected Chairman of the Bank;

Elected Mr. Zhang Baojiang as the Bank's Vice Chairman;

The 11th Board Strategy Committee (Inclusive Finance Development Committee) was formed, with Mr. Ren Deqi as the chairman; Mr. Zhang Baojiang, Mr. Mu Guoxin, Mr. Ai Dong, and Mr. Ma Jun as members; the other member was a director subsequently nominated by the Ministry of Finance; the 11th Board of Directors Audit Committee was formed, with Ms. Li Xiaohui as the chairman, Mr. Chang Baosheng, Mr. Mu Guoxin, Mr. Zhang Xiangdong, Mr. Wang Tianze and Mr. Xiao Wei as members; the other member was a director subsequently nominated by the Ministry of Finance;, Zhang Mr. Xiang Dong served as the chairman, Mr. Yin Jiuyong, Mr. Ma Jun, Mr. Wang Tianze, and Ms. Liu Ruixia. The other member was a director nominated by the Ministry of Finance; the 11th Board of Directors Personnel Remuneration Committee was formed, with Mr. Xiao Wei as the chairman, Mr. Liao Yijian, Ms. Li Xiaohui, and Ms. Liu Ruixia as members; the other member was a director subsequently nominated by the Ministry of Finance; the 11th Board of Directors Social Responsibility (ESG) and Consumer Rights Protection Committee was formed; Mr. Zhang Baojiang was the chairman, Mr. Zhou Wanfu and Baosheng Mr. Chan Siu-chung served as Members. Another member is a staff director elected by the Bank's Staff Congress.