Announcement on Vice President 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 29, 2016, China Guangfa Bank Co., Ltd. (hereinafter referred to as the "Bank") held the Sixth Extraordinary Meeting of the Seventh Board of Directors in 2016 and Mr. Yin Yi was appointed as Vice President of the Bank, with a tenure the same as that of the Seventh Board of Directors.

Mr. Yin Yi satisfies the post qualification and requirements to serve as Vice President as stipulated by relevant laws and regulations and the Articles of Association of the Bank. Post qualification of Mr. Yin Yi to serve as Vice President is still subject to approval of China banking regulatory authorities.

It is hereby announced.

 

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

September 29, 2016

 

Resume of Mr. Yin Yi

Yin Yi, born in December 1962, now serves as Vice President of China Life Asset Management Company Limited and Director (designate) of China Guangfa Bank Co., Ltd. From 2014 to 2015, Mr. Yin served as General Manager (provincial branch level) of Special Asset Operation Department of ABC. From 2009 to 2014, he served successively as Head (bureau level) of Asset Disposal Department, General Manager of Asset Disposal Department and General Manager (bureau level) of Entrusted Asset Disposal Center (secondary department), and General Manager of Special Asset Operation Department and General Manager (bureau level) of Entrusted Asset Disposal Center (secondary department) of ABC. From 2007 to 2009, he served successively as Vice President and President of Guangdong Branch of ABC. From 2000 to 2007, he served successively as Deputy Director and Director of General Office (Party Committee Office) of ABC. From 1990 to 2000, he served successively as Cadre of Industrial Credit Department, Assistant to Division Chief and Deputy Division Chief of Township Enterprise Division of Industrial Credit Department, Deputy Division Chief and Division Chief of Township Enterprise Division of Agricultural Credit Department, Division Chief of General Affairs Division of Agricultural Credit Department, and Division Chief of Policy Inspection Division of Credit Management Department II of ABC. Before 1990, Mr. Yin served successively as Officer and Associate Chief Officer of Credit Division, and Deputy Section Chief of Planned Credit Section of Business Department of Beijing Branch of ABC, wherein, he participated in poverty alleviation in Zhangjiakou City, Hebei Province from March 1991 to May 1992. Mr. Yin graduated in 2003 from Nanjing Agricultural University with a PhD in economics, majoring in agricultural economics and management. He is now a senior economist.