China Minsheng Banking Corp., Ltd. has received letters of resignation from Mr. Zhang Juntong, the chairman of the Board of Supervisors, and Mr. Wang Yugui, an external supervisor. Mr. Zhang Juntong has applied for resignation as the chairman of the Board of Supervisors, an employee supervisor and member of the special committees of the Board of Supervisors due to work adjustment. Mr. Wang Yugui has applied for resignation as an external supervisor and member of the special committees of the Board of Supervisors as he has aggregately held the position for six years.

The resignations of Mr. Zhang Juntong and Mr. Wang Yugui will take effect from 12 March 2024. During his tenure as the chairman of the Board of Supervisors, Mr. Zhang Juntong was conscientious and diligent in leading the Board of Supervisors to improve the operational mechanism of supervision, put ahead the supervision function of the Board of Supervisors, enhanced the quality and efficiency of audit supervision, and drove a synergy between various supervisory forces, which has effectively enhanced the level of corporate governance of the entire Bank.