On 23 March 2026, Luzhou Bank Co., Ltd. disclosed a series of senior management changes aimed at ensuring operational continuity as long-serving executives approach retirement age.

President Liu Shirong resigned effective the same day and has been re-designated as a non-executive director (employee representative). He will continue to sit on the Related Party (Connected) Transactions Control Committee and the Risk Management Committee. Liu, who joined the bank at its founding in 1997 and has held multiple leadership positions, owns 13,018 domestic shares. He will not receive additional director’s remuneration for his new role.

To maintain day-to-day oversight, the Board approved the appointment of current Vice President Wang Chong as acting president, pending regulatory filing.

Vice President Xue Xiaoqin also resigned, citing retirement. Xue had served in that role since 2016, focusing on customer service, interbank cooperation and departmental management.

Separately, Wang Chong relinquished his position as president (city-administered) of the bank’s Chengdu Branch due to internal work adjustments but retains his vice-presidential duties. Chengdu Branch Vice President Guo Changliang will assume branch leadership in an acting capacity following regulatory submission.

After the reshuffle, the Board composition is: one executive director (Chairman You Jiang), six non-executive directors including Liu Shirong, and four independent non-executive directors.

The company affirmed that all departing executives expressed no disagreement with the Board, and no matters require shareholder attention under Hong Kong Listing Rules.