PSBC (01658.HK): Sun Maozhu's Qualification Approved for Appointment as Independent Non-Executive Director, Zhong Ruiming Retires by Rotation

NewTimeSpace News: On 16 September 2026, Postal Savings Bank of China Co., Ltd. (stock code: 01658.HK) announced that its 2025 annual general meeting approved the resolution to elect Mr. Sun Maozhu as an independent non-executive director of the Bank, and that the Bank recently received the Reply of the National Financial Regulatory Administration on the Qualification of Sun Maozhu as an Independent Director of Postal Savings Bank, with the National Financial Regulatory Administration having approved his qualification; Mr. Sun Maozhu took office as an independent non-executive director of the Bank on 11 September 2026 for a term of three years, and serves as chairman and member of the audit committee, member of the connected transaction control committee and member of the risk management committee of the Board.

The announcement disclosed that, from the date Mr. Sun Maozhu took office, Mr. Zhong Ruiming ceased to serve as an independent non-executive director of the Bank and as chairman and member of the audit committee, member of the connected transaction control committee and member of the risk management committee of the Board due to the expiry of his term of office. Mr. Zhong Ruiming has confirmed that he has no disagreement with the Board of the Bank and that there are no matters relating to his departure that need to be notified to shareholders and creditors of the Bank, and has completed the handover as required; his departure will not result in the number of directors of the Bank falling below the statutory minimum. The Board welcomed Mr. Sun Maozhu and expressed its sincere gratitude to Mr. Zhong Ruiming for his contribution during his tenure.

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