According to a report from the Economic Information Agency on the 27th, CDB Leasing (01606) announced the appointment of Bao Quanyong as president and simultaneously nominated him as an executive director. Bao Quanyong's qualification as president will take effect from the date approved by the Shenzhen Regulatory Bureau of the National Financial Supervisory Administration; his directorship will take effect from the date of approval by the shareholders' election and the Shenzhen Financial Regulatory Bureau, until the expiration of the third board term.

The group stated that Bao Quanyong serves as the deputy secretary of the party committee of the group and has previously held positions as a member of the party committee and vice president of the Tibet Branch of the National Development Bank, deputy director of the Finance and Accounting Bureau, director of the Financial Shared Service Center, and deputy general manager of the Finance and Accounting Department. (wh)