The fastest-growing rural commercial bank this year changes its leadership, with "post-85" Lu Dingchang promoted to president of Changshu Bank

The fastest-growing rural commercial bank this year has once again replaced its core executive team. On the evening of November 13, Changshu Bank announced that its former executive director and president, Bao Jian, submitted a written resignation to the board of directors due to a job change, applying to resign from his positions as executive director, member of the board's Strategy and Rural Financial Services Committee, and president of the bank; on the same day, Changshu Bank's vice president, Li Yong, also submitted a written resignation to the board of directors due to a job change, applying to resign from his position as vice president. On the same day, the 16th meeting of the 8th board of directors of Changshu Bank reviewed and approved proposals to supplement executive directors, appoint a president, chief compliance officer, and appoint vice presidents. Lu Dingchang was added as an executive director of the 8th board of directors and appointed as the president and chief compliance officer of the bank. Zhang Kangde and Ni Jianfeng were agreed to be appointed as vice presidents of Changshu Bank. Changshu Bank is one of the best-performing rural commercial banks this year. The third-quarter report shows that Changshu Bank's operating income in the first three quarters was 9.052 billion yuan, a year-on-year increase of 8.15%, the highest growth rate among rural commercial banks during the same period; the net profit attributable to shareholders was 3.357 billion yuan, a year-on-year growth rate of 12.82%, second only to Jiangyin Bank among rural commercial banks during the same period. Bao Jian Resigns as Executive Director and President The announcement from Changshu Bank shows that executive director and president Bao Jian submitted a written resignation to the board of directors due to a job change, applying to resign from his positions as executive director, member of the board's Strategy and Rural Financial Services Committee, and president of the bank, effective from November 13, 2025. After resigning, Bao Jian will no longer hold any position at Changshu Bank. Bao Jian confirmed that he had no disagreements with the board of directors of Changshu Bank and that there were no other matters that needed to be disclosed to the bank's shareholders. Bao Jian has completed the handover work in accordance with the bank's relevant regulations, and there are no unfulfilled public commitments. According to the Company Law of the People's Republic of China and the Articles of Association, Bao Jian's departure will not cause the number of board members to fall below the legal minimum and will not affect the normal operation of Changshu Bank's board of directors. Changshu Bank stated that Bao Jian has been deeply involved in the bank's reform and development for nearly twenty years, laying a solid foundation for the high-quality development of Changshu Bank with his profound professional background, forward-looking strategic vision, and distinctive innovative awareness. During his tenure, he led the creation of microfinance with a pioneering spirit, establishing the "Changyin Microfinance" model as a core growth engine; he actively explored innovative paths focusing on industry transformation, accurately implemented national economic and financial policies, and solidly promoted the "Five Major Articles" of finance, achieving significant results in improving operational quality and efficiency, strengthening risk management, and expanding brand influence, driving Changshu Bank to achieve simultaneous leaps in scale and efficiency, with several core indicators ranking among the industry's top. The board of directors of Changshu Bank expresses its heartfelt gratitude to Bao Jian for his outstanding contributions to the high-quality development of Changshu Bank during his tenure. Lu Dingchang Added as Executive Director and Appointed as President The 16th meeting of the 8th board of directors of Changshu Bank reviewed and approved proposals to supplement executive directors, appoint a president, chief compliance officer, and appoint vice presidents. The board meeting reviewed and approved the addition of Lu Dingchang as an executive director of the 8th board of directors and appointed Lu Dingchang as the president and chief compliance officer of the bank Lu Dingchang has served as a loan officer and assistant general manager at the Small Loan Center of Changshu Bank, deputy general manager of the Microfinance Headquarters, deputy general manager of the Corporate Banking Department, president of the Hanjiang Branch, vice president of the Yangzhou Branch and president of the Hanjiang Branch, general manager of the Inclusive Finance Department, general manager of both the Microfinance Headquarters and the Inclusive Finance Department, and a member of the Party Committee, vice president, and general manager of the Inclusive Finance Department. He is currently the deputy secretary of the Party Committee and vice president of Changshu Bank. The proposal to appoint Lu Dingchang as an executive director of the eighth board of directors of the bank still needs to be submitted to the shareholders' meeting for review. Lu Dingchang's qualifications for the board and senior management still need to be approved by the Suzhou Regulatory Bureau of the National Financial Supervision and Administration. Prior to this, according to relevant regulatory provisions, the board of directors agreed to allow Lu Dingchang to perform the duties of the bank's president on his behalf. Vice President Li Yong Resigns On the same day, Li Yong, vice president of Changshu Bank, submitted a written resignation to the board of directors due to job changes, applying to resign from the position of vice president of Changshu Bank, effective November 13, 2025. After resigning, Li Yong will no longer hold any position at Changshu Bank. Li Yong confirmed that he has no disagreements with the board of directors of Changshu Bank and there are no other matters that need to be disclosed to the shareholders of Changshu Bank. Li Yong has completed the handover work in accordance with the relevant regulations of Changshu Bank, and there are no outstanding public commitments. Li Yong joined Changshu Bank in 2022 and quickly integrated into the corporate culture of the bank. From managing business to managing risks, he has always adhered to bottom-line thinking and risk orientation, combining a pragmatic style with a sense of responsibility. During his tenure, he actively implemented national financial policies and deepened the quality and efficiency of services to the real economy; he improved the risk prevention and control system and strengthened compliance construction through refined management, and enhanced operational efficiency and customer experience through digital transformation, laying a solid foundation for the bank's stable development. The board of directors of Changshu Bank sincerely thanks Li Yong for his contributions to the high-quality development of Changshu Bank during his tenure. Zhang Kangde and Ni Jianfeng Appointed as Vice Presidents of Changshu Bank The board of directors agreed to appoint Zhang Kangde and Ni Jianfeng as vice presidents of Changshu Bank. Zhang Kangde has served as a counselor, Youth League Committee Secretary, and chief staff member at the School of Chemistry and Materials Engineering of Changshu Institute of Technology; a member of the Party Leadership Group, deputy secretary, and secretary of the Youth League Committee of Changshu City; deputy secretary and secretary of the Discipline Inspection Commission of Shajiabang Town, Changshu City; secretary of the Party Working Committee of Southeast Street, Changshu City; and deputy secretary and mayor of Shajiabang Town, Changshu City; member of the Party Committee and secretary of the Discipline Inspection Commission of Changshu Bank, and deputy secretary and secretary of the Discipline Inspection Commission (during which he was seconded to the Jiangsu Rural Commercial Bank's Discipline Inspection and Supervision Group). He is currently the deputy secretary of the Party Committee of Changshu Bank. Ni Jianfeng has served as a comprehensive teller at the Outang Branch of Jiangsu Xizhou Rural Commercial Bank, a staff member in the Technology Information Department, and a staff member in the Personal Business Department; a staff member in the Personal Business Department of Wuxi Rural Commercial Bank, deputy president of the Anzhen Branch, deputy general manager of the Electronic Banking Department, and deputy president of the Outang Branch (acting); president of the Jiangyan Xizhou Village and Town Bank; president of the Jiangyin Branch of Wuxi Rural Commercial Bank; chairman of the Jiangyan Xizhou Village and Town Bank; and general manager of the Credit Management Department of Wuxi Rural Commercial Bank. He is currently a member of the Party Committee of Changshu Bank The appointment qualifications of Vice Presidents Zhang Kangde and Ni Jianfeng still require approval from the Suzhou Regulatory Bureau of the National Financial Supervision and Administration. 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