Announcement on Chairman Appointment of China Guangfa Bank Co., Ltd.

 

The Board of Directors and all directors of China Guangfa Bank Co., Ltd. ensure that the contents of this Announcement are free from any misrepresentation, misleading statement and material omission, and that they will assume joint and several liability for the truthfulness, accuracy and integrity of the contents.

 

On September 14, 2016, China Guangfa Bank Co., Ltd. (hereinafter referred to as the "Bank") held the Third Extraordinary Shareholder's Meeting in 2016 and Mr. Yang Mingsheng was elected as Director of the Seventh Board of Directors of the Bank. On the same day, the Bank held the Fifth Extraordinary Meeting of the Seventh Board of Directors in 2016 and Mr. Yang Mingsheng was elected as Chairman of the Board of Directors.

The Bank received the Reply of China Banking Regulatory Commission on the Post Qualification of Yang Mingsheng from China Guangfa Bank (Yin Jian Fu [2016] No. 290) today. In accordance with relevant provisions, Mr. Yang Mingsheng will serve as Chairman of the Board of Directors and Director of the Bank from September 27, 2016.

The Board of Directors hereby delivers its sincere congratulations on the appointment of Mr. Yang Mingsheng as Chairman.

It is hereby announced.

 

Board of Directors, China Guangfa Bank Co., Ltd.

September 27, 2016

 

 

Resume of Mr. Yang Mingsheng

Yang Mingsheng, a Chinese citizen born in August 1955, has served as Executive Director and Chairman of the Board of Directors of China Life Insurance Company Limited since May 2012. Since March 2012, he has served as Chairman of the Board of Directors and Secretary of the Communist Party Committee of China Life Insurance (Group) Company. Since March 2012, he has served as Chairman of the Board of Directors of China Life Property & Casualty Insurance Company Limited. Since January 2013, he has served as Chairman of the Board of Directors of China Life Insurance (Overseas) Company Limited. Since December 2013, he has served as Chairman of the Board of Directors of China Life Asset Management Company Limited. Since September 2016, he has served as Chairman of the Board of Directors of China Guangfa Bank Co., Ltd. Mr. Yang had been dedicated to the financial sector for a long time. From 2007 to 2012, he served as Vice President of China Insurance Regulatory Commission. From 1980 to 2007, he worked for Agricultural Bank of China (ABC) and served as Vice President and Head of Industrial Credit Department of Shenyang Branch and President of Tianjin Branch, etc. In 1997, he served as Vice President of ABC. In 2003, he served as President and Secretary of the Communist Party Committee of ABC. Mr. Yang is a senior economist graduating from the School of Finance, Nankai University, majoring in monetary banking with a master's degree in economics.