CITIC Bank International Names Wang Junwei CEO Pending Approval; Shen Qiang Becomes Non-Executive Director

CITIC Bank International announced that Shen Qiang has resigned as executive director and chief executive officer due to work arrangements, and that Wang Junwei has been appointed as executive director and chief executive officer. Shen Qiang will continue to serve as a non-executive director. Wang Junwei's appointment will formally take effect after receiving regulatory approval.

Wang Junwei is a seasoned banker with a doctorate in economics. He has long served at the parent bank, CITIC Bank, across multiple departments and positions at its head office and branches, and has extensive management experience in corporate governance, capital operations, market value management, financial management, and assets and liabilities. Before joining CITIC Bank International, Wang Junwei served as president of CITIC Bank's Ningbo Branch. Until Wang Junwei's appointment formally takes effect, the relevant positions will be held by Bai Lijun, the bank's executive director, deputy chief executive officer and director of corporate banking.