Announcement on Deputy Chairman of the Board of Directors and 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 August 29, 2016, China Guangfa Bank Co., Ltd. (hereinafter referred to as the "Bank") held the Fourth Extraordinary Meeting of the Seventh Board of Directors in 2016 and Mr. Liu Jiade was elected as Deputy Chairman of the Board of Directors.

On September 29, the Bank held the Sixth Extraordinary Meeting of the Seventh Board of Directors in 2016 and Mr. Liu Jiade was appointed as President of the Bank, with a tenure the same as that of the Seventh Board of Directors.

The Bank received the Reply of China Banking Regulatory Commission on the Post Qualification of Liu Jiade from China Guangfa Bank (Yin Jian Fu [2016] No. 343) today. In accordance with relevant provisions, Mr. Liu Jiade will serve as Deputy Chairman of the Board of Directors and President of the Bank from November 1, 2016.

The Board of Directors hereby delivers its sincere congratulations on the appointment of Mr. Liu Jiade as Deputy Chairman of the Board of Directors and President of the bank.

It is hereby announced.

 

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

November 3, 2016

 

Resume of Mr. Liu Jiade

Liu Jiade, born in February 1963, is a senior economist with a bachelor's degree. He now serves as Deputy Chairman of the Board of Directors, President and Secretary of the CPC Committee of China Guangfa Bank Co., Ltd., Chairman of the Board of Directors of China Life Pension Company Limited, Director of China Life Insurance Company Limited, Supervisor of Sinopec Chemical Commercial Holding Company Limited and Member of China Accounting Informationization Committee of the Ministry of Finance and Professional Member of Risk Management Committee of the Insurance Industry.

He was once Deputy Division Chief and Division Chief of Commerce Division of Finance Department of the Ministry of Finance and Deputy County Director (temporary) of Guantao County, Hebei Province successively. From 1998 to 2000, he was Division Chief of Treasury Bond Division of Finance Department of Ministry of Finance. From 2000 to 2003, he was Deputy Director of Finance Department of the Ministry of Finance. From 2003 to March 2014, he was Member of the Communist Party Committee and Vice President of China Life Insurance Company Limited. From August 2014 to October 2016, he was Member of the Communist Party Committee and Vice President of China Life Insurance (Group) Company. After 2003, he concurrently served as Director of China Life Asset Management Company Limited, Director of China Life Property & Casualty Insurance Company Limited and Director of China Life Franklin Asset Management Company Limited.