ZYBANK (01216) has announced that due to work adjustments, Mr. Liu Kai will no longer serve as the bank's president, effective October 17, 2025. On the same date, the board approved the appointment of Mr. Zhou Feng as the new president and recommended his appointment as an executive director of the third board of directors (pending recommendation). Mr. Zhou's appointment as president is subject to approval by the Henan Regulatory Bureau of the National Financial Supervision Administration, and the recommendation requires ratification by shareholders at the bank's general meeting, as well as approval of his qualifications by the Henan Financial Regulatory Bureau.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.