Industrial and Commercial Bank of China Limited announced that at its board meeting held on 1 February 2024, approved the election of Mr. Liao Lin as chairman of the board of directors the bank; election of Mr. Liao Lin as chairman of the strategy committee of the board of directors of the bank. Mr. Chen Siqing tendered his resignation to the board of directors of the Bank on 1 February 2024. Due to his age, Mr. Chen Siqing resigned from the positions as the Chairman of the Board of Directors, Executive Director, Chairman and member of the Strategy Committee of the Board of Directors of the Bank.

Liao Lin, male, Chinese nationality, born in February 1966. Mr. Liao Lin has served as Vice Chairman, Executive Director and President of the Bank since March 2021, Executive Director of the Bank since July 2020, and Senior Executive Vice President, Senior Executive Vice President and concurrently Chief Risk Officer since November 2019. Mr. Liao Lin joined China Construction Bank in 1989, and was appointed as Deputy General Manager of Guangxi Branch of China Construction Bank, General Manager of Ningxia Branch, Hubei Branch and Beijing Branch of China Construction Bank, Chief Risk Officer, Executive Vice President and concurrently Chief Risk Officer of China Construction Bank.

Mr. Liao Lin graduated from Guangxi Agricultural University. He obtained a Doctorate degree in Management Science from Southwest Jiaotong University. Mr. Liao Lin is a senior economist.