Yibin Bank’s fourth-session board will soon reach the end of its mandate. On 1 June 2026 the board unanimously approved the “Resolution on the Nomination of Candidates for Directors of the Fifth Session,” initiating a full board refresh with a planned three-year term.
Key points of the proposal are as follows:
1. Board composition • Executive Directors: Xue Feng (incumbent chairman) and Guo Hua (current president). • Non-executive Directors: Zhang Xin, Liu Kelin, Huang Chongying, Luo Xixiao, Zhang Fan. • Independent Non-executive Directors: Yao Liming, Yu Xiaoran, Xing Huayu, Zhao Jingmei, Zhong Chaohong. • Employee Director: Tian Yongchun, elected by the employee representative meeting.
2. Regulatory approval timeline Qualifications for five non-employee directors (Guo Hua, Liu Kelin, Luo Xixiao, Zhang Fan, Zhong Chaohong) and the employee director (Tian Yongchun) require clearance from China’s national financial regulator. Until at least two of these six receive approval—thereby restoring the statutory two-thirds quorum—the existing fourth-session board, chairman and senior management will continue to exercise authority.
3. Independence confirmation All five independent non-executive director candidates have affirmed compliance with Listing Rule 3.13(1)–(8), reporting no financial, business or familial ties to the bank or its core connected persons.
4. Remuneration framework • Executive directors: basic salary, performance-based pay and benefits aligned with PRC regulatory guidance. • Non-executive directors: no remuneration except Zhang Fan, who will receive RMB 30,000 per year plus RMB 3,000 per meeting. • Independent non-executive directors: RMB 120,000 per year plus RMB 3,000 per meeting. • Employee director: compensated only for internal management roles; no director’s fee. Director remuneration will be disclosed in future annual reports.
5. Board departures Current non-executive directors Tian Tian and Zhao Gen will retire upon establishment of the new board. Both have confirmed no disagreements with the board and no matters requiring shareholder attention.
A shareholder circular detailing the nominations and convening a shareholders’ meeting will be released in due course.