Zhongyuan Bank (1216) Announces Board Committee Changes and Discloses Remuneration Details

Bulletin Express
02/16

Zhongyuan Bank Co., Ltd. (Stock Code: 1216) has adjusted the members of its strategy and development committee. Effective immediately, Zhou Feng joins the committee, and Feng Ruofan steps down due to work arrangements. Additionally, Li Wenqiang has been appointed to the committee with immediate effect. After the adjustments, the committee comprises: Guo Hao (Chairman), Zhou Feng, Li Wenqiang, and Xu Yiguo.

The bank also released supplemental details regarding its annual reports for 2023 and 2024. In particular, the remuneration of Liu Kai, who serves as president of the bank from January 18, 2023 to October 17, 2025, is now disclosed. For 2023, Liu Kai’s total salary and bonus amounted to 2.99 million renminbi (pre-tax), to which social insurance makes it 3.08 million renminbi in total. Of this figure, 1.01 million renminbi is deferred, leaving actual remuneration of 2.08 million renminbi. For 2024, total salary and bonus stand at 2.62 million renminbi (pre-tax), supplemented by social insurance for a total of 2.71 million renminbi, with 0.91 million renminbi deferred and 1.80 million renminbi actually payable.

The bank confirms that the disclosed figures do not include retirement benefits, compensation for loss of office, or inducements. The new information does not affect other content in the annual reports, and all unchanged details in the original reports remain valid.

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