PSBC: Liu Jianjun has reached retirement age, and the board of directors has agreed to appoint Lu Wei as president

PSBC announced that its board of directors received the resignation letter from Liu Jianjun, who resigned from his positions as executive director and president of the bank due to reaching the statutory retirement age. The board of directors held a meeting on December 26 and agreed to nominate Lu Wei as a candidate for executive director and to submit this proposal for shareholder meeting review; it also agreed to appoint Lu Wei as the president of the bank, pending approval of his qualifications by the National Financial Regulatory Administration. Prior to regulatory approval, Yao Hong (executive director, vice president, and chief risk officer) will act as president