Qingdao Rural Commercial Bank Corporation: Chairman Wang Xifeng Retires Due to Age, Yu Fengxing to Temporarily Assume Chairman Duties

Deep News11-26

On November 26, Qingdao Rural Commercial Bank Corporation announced that its board of directors recently received a resignation letter from Chairman Wang Xifeng. Due to reaching retirement age, Wang Xifeng has resigned from his positions as executive director and chairman of the fifth board of directors. Following his resignation, he will no longer hold any positions in the company or its subsidiaries. The resignation took effect upon the board's receipt of the letter.

On the same day, the 15th interim meeting of the fifth board of directors reviewed and approved a proposal appointing Yu Fengxing to temporarily assume the duties of chairman of the board and director of the strategic planning committee. Yu Fengxing will serve in these roles until a new chairman is elected and receives regulatory approval.

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