On November 25, Bank of Lanzhou Co., Ltd. announced that its 22nd meeting of the fifth board of directors reviewed and approved the proposal regarding Comrade Cheng Yi's secondment as deputy president. As Cheng Yi's secondment term has expired, his appointed position has been automatically terminated. Cheng has completed the handover procedures in accordance with the bank's resignation management policies, and other related matters will be handled per relevant regulations.
Following the expiration of his secondment, Cheng Yi will no longer hold any position at the bank. Cheng confirmed no disagreements with the board and no matters requiring notification to shareholders or creditors. As of the announcement date, Cheng Yi holds no shares in the bank.
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