China Merchants Bank (03968): Zhang Yong's qualifications as an independent non-executive director approved

Zhitong Finance App News, China Merchants Bank (03968) issued an announcement, and the company received the “China Financial Supervisory Administration's Approval on Zhang Yong's Eligibility as an Independent Director of China Merchants Bank” (Jin Fu [2026] No. 496). According to the above approval, Mr. Zhang Yong's qualifications as an independent director of China Merchants Bank have been approved. Mr. Zhang Yong's term as an independent non-executive director of the company will take effect from September 8, 2026 until the expiration date of the 13th board of directors of the company.

Furthermore, since September 8, 2026, according to the “Proposal on Adjusting the Composition of the Special Committee of the Board” reviewed and approved by the 18th meeting of the 13th board of directors of the company, Mr. Zhang Yong is a member of the Board's Strategy and Sustainable Development Committee and the chairman of the Board's Remuneration and Assessment Committee; Mr. Huang Yushan is a member of the Board's Remuneration and Assessment Committee and is no longer the chairman of the committee.