Standard Bank Group Limited announced the appointment of Mr. Fenglin Tian as non-executive director and senior deputy chairman to its board and non-executive director on the board of SBSA, in line with SBSA's policy dealing with the nomination of directors, with effect from 1 September 2024. Mr. Tian (56) holds a Master's degree in Economics from the Huazhong Agricultural University and a MBA degree from the University of Chicago. He currently serves as the Chief Business Officer of the Industrial and Commercial Bank of China Limited ("ICBC"), a position he has held since December 2023.

He joined ICBC in 1992 and has held various positions including Vice Chairman of ICBC (Argentina), General Manager of the Corporate Banking and the Investment Banking departments and general manager /deputy general manager of various branches of ICBC. Mr. Tian's appointment to Standard Bank Group is pursuant to an agreement between Standard Bank Group and ICBC, a shareholder of Standard Bank Group, wherein ICBC is entitled to nominate two non-executive directors for appointment to the board, one of whom serves as the senior deputy chairman. Mr. Tian replaces Dr Xueqing Guan who resigned from the board on 10 June 2024.