Announcement on 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 16, 2019, China Guangfa Bank Co., Ltd. (hereinafter referred to as the "Bank") held the Eleventh Meeting of the Eighth Board of Directors. After nomination by Chairman of the Board Wang Bin, Mr. Yin Zhaojun was appointed as President of the Bank, with a tenure the same as that of the Eighth Board of Directors.

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

It is hereby announced.

 

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

August 16, 2019

 

Resume of Mr. Yin Zhaojun

Mr. Yin Zhaojun, Male, Manchu Nationality, member of the Communist Party of China, born in July 1965, holds Master’s degree in Public Administration and is a Accountant.

 

Mr. Yin now serves as Vice President, a Member of CPC Committee of China Life Insurance (Group) Company and holds concurrent post as Secretary of the CPC Committee and President (qualification to be approved) of the Bank, Chairman of China Life Investment Holding Company Limited, Director of China Life Insurance Company Limited, Director of China Life Property and Casualty Company Limited, Director of China Life Insurance (Overseas) Company Limited, Director of China United Network Communications Group Co., Ltd., and Vice President of Banking Accounting Society of China.

 

Mr. Yin joined the Bank of Communications in July 1990, and consecutively served as the Assistant to the President of the Beijing branch and the Vice President of the Shanxi branch of the Bank of Communications from 2005, and as the President of the Shanxi branch, Hebei branch and Beijing branch and Vice President of Beijing Management Department (Group Client Department) of the Bank of Communications from 2011.