Postal Savings Bank of China Co., Ltd. (PSBC) announced that the National Financial Regulatory Administration has approved the qualification of Sun Maozhu as an Independent Non-Executive Director, effective 11 September 2026. Sun’s three-year tenure will also see him chair the Board’s Audit Committee and hold memberships on both the Related Party Transactions Control Committee and the Risk Management Committee.

Upon Sun’s appointment, Chung Shui Ming Timpson has stepped down from the same Board roles following the expiry of his term. The bank confirmed that Chung has no disagreement with the Board and his departure leaves the Board composition in full compliance with statutory requirements.

The Board expressed formal gratitude to Chung for his service and extended a welcome to Sun as operations transition smoothly under the updated governance structure.