The Bank of East Asia, Limited Announces Management Changes
May 31, 2019 at 04:42 am EDT
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The Bank of East Asia, Limited announced that Hon. CHAN Kin-por has tendered his resignation as an Independent Non-executive Director and will cease as the Chairman of the Risk Committee and a Member of the Audit Committee of the Bank with effect from 1 June, 2019. Dr. the Hon. Henry TANG Ying-yen has been appointed as the Chairman of the Risk Committee with effect from 1st June, 2019. Mr. Chan has informed the Bank that he has been appointed as the Chief Executive of an insurance group effective 1 June, 2019. To avoid a possible conflict of interest, he has decided to step down as an INED of the Bank, the Chairman of the RIC and a Member of the AC. Mr. Chan has confirmed that he has no disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Bank.
Bank of East Asia Ltd is a company mainly engaged in the banking business. The Company operates its business through nine segments. The Mainland China Operations segment mainly include the back office unit for Mainland China operations in Hong Kong, all subsidiaries and associates operating in Mainland China, except those subsidiaries carrying out data processing and other back office operations for Hong Kong operations in Mainland China. The Corporate Banking segment provides corporate lending and loan syndication, asset-based lending, commercial lending, securities lending and trade financing activities with correspondent banks and corporates. The Personal Banking segment is engaged in the branch operations, personal internet banking, consumer finance, property loans and credit card business to individual customers. The Overseas Operations segment provides back office unit for overseas banking operations in Hong Kong, Macau Branch, Taiwan Branch and all branches, subsidiaries and ass
THE BANK OF EAST ASIA, LIMITED 
