PSBC (01658) has announced that its board of directors convened a meeting on May 26, 2026, during which it reviewed and approved a proposal to nominate Mr. Sun Maozhu as a candidate for independent non-executive director of the bank. The proposal to elect Mr. Sun Maozhu as an independent non-executive director will be submitted to the bank's shareholders' meeting for deliberation. Mr. Sun Maozhu's director qualification is still pending approval from the National Financial Regulatory Administration. Upon approval, his term as director will be three years, commencing from the date the regulatory authority approves his qualification.
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