BANKCOMM Receives NFRA Approval for Appointment of Independent Director Pan Yanhong; Board Realigns Committees

Bulletin Express10-23

Bank of Communications Co., Ltd. (BANKCOMM) disclosed that China’s National Financial Regulatory Administration (NFRA) has approved the qualification of Ms. Pan Yanhong to serve as an independent non-executive director (Approval No. Jin Fu [2026] 571), effective immediately as of 23 October 2026.

Following the regulatory clearance, Ms. Pan has joined both the Audit Committee and the Personnel & Remuneration Committee of the Board. Her professional background and other statutory particulars remain unchanged from those set out in the company’s circular dated 5 June 2026.

In line with a resolution passed at the seventh meeting of the Bank’s Eleventh Board Session, Ms. Li Xiaohui has stepped down from her roles as independent non-executive director, chairwoman of the Audit Committee, and member of the Personnel & Remuneration Committee. Ms. Li confirmed she has no disagreements with the Board, which expressed appreciation for her contributions during her tenure.

Post-change, BANKCOMM’s Board consists of 15 directors: 4 executive directors, 5 non-executive directors, and 6 independent non-executive directors, ensuring continued compliance with corporate governance requirements.

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