Bank Of Ningbo Gets Regulatory Nod for Two Independent Directors

Deep News07-31

Bank Of Ningbo Co.,Ltd. announced on July 31 that it has received official approval from the Ningbo Financial Regulatory Bureau for the appointment of two independent directors.

The approvals, documented in documents Yin Jin Fu [2026] No. 166 and No. 167, authorize Chen Xinyuan and Han Hongling to serve as independent directors of the bank. Additionally, Xu Yanxiu, who previously held an independent director role at a similar financial institution and whose qualification lapsed for less than one year, retains his eligibility under regulatory provisions. The bank has completed the filing process with the authorities for his reappointment.

This development ensures the bank's board composition meets regulatory requirements.

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