CMBC Capital Holdings Limited announced that Executive Director and General Manager Li Ming will retire at the conclusion of the forthcoming annual general meeting (AGM) after deciding not to seek re-election. The decision follows an internal work reallocation within China Minsheng Banking Corp., Ltd., the company’s indirect controlling shareholder.
Li Ming’s departure also ends his roles on the Executive Committee, Risk Management and Internal Control Committee, and Strategic Development Committee. He confirmed no disagreements with the board and no matters requiring shareholder attention in connection with his retirement.
Consequently, ordinary resolution 2(b), which proposed Li’s re-election as an executive director, has been withdrawn from the AGM agenda and corresponding proxy form. All other resolutions outlined in the AGM notice dated 3 June 2026 remain unaffected, and the meeting’s date, time and venue are unchanged. Proxy forms already submitted will stay valid, except that no poll will be taken on the withdrawn resolution.
Chairman Li Baochen, on behalf of the board, expressed gratitude for Li Ming’s contributions since joining the board in January 2023, citing his role in advancing the group’s business development and corporate governance.
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