On January 6, China Everbright Bank announced that its third extraordinary general meeting of shareholders in 2025, held on November 14, 2025, reviewed and passed the "Proposal on the Election of Independent Directors for the Tenth Board of Directors of China Everbright Bank Company Limited," approving the election of Mr. Liu Qiao as an independent director for the bank's tenth board.
Due to the expiration of his term, Liu Qiao ceased to serve as an independent director and member of the board's special committees at China Merchants Bank Company Limited effective December 30, 2025. In accordance with Article 16 of the National Financial Regulatory Administration's "Measures for the Administration of Qualifications of Directors and Senior Management Personnel of Banking Financial Institutions," Liu Qiao's director qualification does not require re-application for approval. Consequently, Liu Qiao assumes the role of independent director and related positions on the board's special committees at Everbright Bank effective from the date of this announcement.
Furthermore, in compliance with relevant laws, regulations, and the provisions of the "Articles of Association of China Everbright Bank Company Limited," Hong Yongmiao, upon the expiration of his term, ceased to serve as an independent director and member of the board's special committees at the bank from the effective date of Liu Qiao's appointment. Everbright Bank stated: "The Board of Directors hereby expresses its sincere gratitude to Mr. Hong Yongmiao for his contributions to the Bank during his tenure and extends a warm welcome to Mr. Liu Qiao."
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