Industrial and Commercial Bank of China Limited Announces Board and Committee Changes

Industrial and Commercial Bank of China Limited at its board meeting held on August 29, 2025 announced changes to the Chairman and Members of Some of the Special Committees of the Board of Directors. Norman CHAN Tak Lam: Serves as member of Related Party Transactions Control Committee And Ceases to serve as member of Audit Committee. Li Weiping: Serves as chairman of Related Party Transactions Control Committee.

Murray Horn: Ceases to serve as chairman of Related Party Transactions Control Committee. Lee Kam Hung Lawrence Serves as member of Risk Management Committee, Serve as member of US Risk Committee, Serves as member of Audit Committee Serves as member of Nomination Committee. Duan Hongtao: Serves as member of Strategy Committee and Serves as member of Compensation Committee.

The company also appointed Mr. Tian Fenglin to Concurrently Serve as Board Secretary. Norman CHAN Tak Lam, male, Chinese nationality, born in 1954. Mr. Norman CHAN Tak Lam has served as Independent Non-executive Director of the Bank since September 2022.

He previously served as Chief Executive of the Hong Kong Monetary Authority, Director of the Chief Executive's Office of the Hong Kong Special Administrative Region Government, Vice Chairman of Asia of Standard Chartered Bank, Chairman of HK Acquisition Corporation and other positions. He currently serves as Chairman of the Board of Directors of RD Wallet Technologies Limited, Chairman of the Board of Directors of RD ezLink Limited, Founding Chairman of Hong Kong Institute of Web 3.0, Senior Adviser of the Hong Kong Academy of Finance, Chairman of the Board of Trustees of Chung Chi College of The Chinese University of Hong Kong, Vice Chairman of The Chinese University of Hong Kong Council, Chairman of the Board of CUHK Innovation Limited. He obtained a Bachelor's degree in Social Sciences from The Chinese University of Hong Kong, an Honorary Fellowship from The Chinese University of Hong Kong, an Honorary Doctorate of Business Administration from City University of Hong Kong, an Honorary Doctorate of Business Administration from Lingnan University, an Honorary Doctorate of Business Administration from Hong Kong Shue Yan University, an Honorary Doctorate of Social Sciences of The Chinese University of Hong Kong.

He was awarded the Silver Bauhinia Star by the Hong Kong Special Administrative Region and the Gold Bauhinia Star by the Hong Kong Special Administrative Region. He is a Fellow of The Hong Kong Institute of Bankers, Fellow of Hong Kong Academy of Finance. He was awarded the IFTA FinTech Achievement Award by the Institute of Financial Technologists of Asia (IFTA), the Leadership Lifetime Achievement Award by The Asian Banker.

Lee Kam Hung Lawrence, male, Chinese nationality, was born in 1954. Mr. Lee Kam Hung Lawrence currently serves as the Chairman and Non-executive Director of OSL Group Limited, engaging in law-related work at the same time. He concurrently serves as the Chairman of the Staff Appeals Committee at the Hospital Authority and he is a Senior Fellow of Hong Kong Securities and Investment Institute.

He served as the Chairman of Hong Kong SAR and Chinese Mainland offices, the Chairman of the Asia Pacific Regional Council and a member of the Executive Committee of Baker McKenzie, a Non-executive Director, Chairman of the Process Review Panel, and a member of the Takeovers and Mergers Panel and the Takeovers Appeal Committee of the Securities and Futures Commission, Hong Kong SAR. Mr. Lee Kam Hung Lawrence obtained a Bachelor ' s Degree in Laws (LLB) and a Postgraduate Certificate in Laws (P.C.LL) from the University of Hong Kong. He was awarded the Bronze Bauhinia Star and the title of Justice of the Peace.

Duan Hongtao, male, Chinese nationality, born in 1969. Mr. Duan Hongtao has served as Senior Executive Vice President of the Bank since March 2023 and concurrently Board Secretary of the Bank since August 2024. He has served as Deputy Secretary of the Party Committee of the Bank since June 2025.

He served as the Assistant to General Manager and Deputy General Manager of Hubei Branch, General Manager of Qingdao Branch, General Manager of Shandong Branch, and Director of the Executive Office of the Head Office of China Construction Bank. Mr. Duan Hongtao obtained a Doctoral degree in Management. He is a senior economist.

Yao Mingde, male, Chinese nationality, born in 1970. Mr. Yao Mingde has served as Senior Executive Vice President of the Bank since March 2024. He previously served as Deputy General Manager of the Financial Accounting Department/County Area Banking Accounting and Assessment Center of the Head Office of Agricultural Bank of China, General Manager of the Financial Accounting Department/Office of Assessment Center/County Area Banking/Inclusive Finance Accounting and Assessment Center of the Head Office, Chairman of Agricultural Bank of China (Moscow) Limited, and President of Shenzhen Branch of Agricultural Bank of China.

Mr. Yao Mingde obtained a Doctoral degree in Management. He is a senior accountant. Tian Fenglin, male, Chinese nationality, born in 1967.

Mr. Tian Fenglin has served as Chief Business Officer of the Bank since December 2023. He previously served as Deputy General Manager of ICBC Singapore Branch, Executive Director and General Manager of ICBC (Malaysia), Vice Chairman of ICBC (Argentina), Deputy General Manager of Jiangsu Branch and General Manager of Suzhou Branch, General Manager of Jiangsu Branch, and General Manager of the Corporate Banking Department and the Investment Banking Department of the Head Office. Mr. Tian Fenglin obtained an MBA degree.

He is a senior economist.