DRCB (09889): Xu Zhi, Tan Fulong, Liu Yu'ou, and Xu Tingting Resign as Independent Non-Executive Directors

Stock News
Nov 13, 2025

DRCB (09889) announced that its independent non-executive directors, Mr. Xu Zhi, Mr. Tan Fulong, Ms. Liu Yu'ou, and Ms. Xu Tingting (collectively referred to as the resigning directors), submitted their resignations to the board on November 13, 2025, due to reaching the stipulated term limit. They will step down from their roles as independent non-executive directors and from their positions on the board's specialized committees. Separately, Mr. Chen Sheng, the bank's chairman of the supervisory board, tendered his resignation to the supervisory board on November 12, 2025, citing organizational arrangements. He will relinquish his roles as chairman of the supervisory board, employee supervisor, and member of the supervisory board's nomination committee. Mr. Chen has been appointed as the bank's deputy party secretary. In accordance with relevant laws and the bank's articles of association, Mr. Chen will continue to fulfill his duties as an employee supervisor and member of the supervisory board's nomination committee until the date specified under the bank's bylaws.

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