Shengjing Bank Co., Ltd. announced the appointment of SUN Jin as an executive director. Mr. SUN was elected as an executive director of the Bank at the AGM. The qualification of Mr. SUN as an executive director is subject to the formal approval by the Liaoning Bureau of National Administration of Financial Regulation.

The Bank has recently received the approval from the NAFR Liaoning Bureau on the qualification of Mr. SUN as an executive director (Liao Jin Fu (2023) No. 29), pursuant to which, the qualification of Mr. SUN as an executive director of the Bank was approved by the NAFR Liaoning Bureau. The term of office of Mr. SUN as an executive director of the Bank commenced upon the approval (i.e. 23 August 2023) and will terminate upon the expiry of the current session of the Board.

The Board further announces that on 25 August 2023, the Board unanimously elected Mr. SUN as the chairman of the current Board of the Bank. The election of Mr. SUN as the chairman of the Board is subject to the approval of his qualification by the NAFR Liaoning Bureau. The term of office for Mr. SUN as the chairman of the Board will commence upon the approval of his qualification by the NAFR Liaoning Bureau and terminate upon the expiry of the current session of the Board.

Prior to the formal approval of his qualification as the chairman of the Board, Mr. SUN will perform the duties as acting chairman of the Board and legal representative of the Bank, and Ms. LIU Xu, an executive director and the President of the Bank, will cease to perform the duties as acting legal representative of the Bank with effect from 25 August 2023. In addition, Mr. SUN has also been appointed as the chairman of the Strategic Development Committee under the Board and the vice chairman of the Nomination and Remuneration Committee under the Board, with effect from 25 August 2023 until the expiry of the current session of the Board.