Industrial and Commercial Bank of China Limited announced that Mr. Feng Weidong, Non-executive Director, tendered his resignation on May 30, 2025, due to his age. He resigned from his positions as Non-executive Director and member of the Audit Committee, Risk Management Committee, Nomination Committee, and US Risk Committee. His original term was set to expire on June 29, 2026.
Ms. Chen Yifang also ceased to act as Non-executive Director and member of the Strategy Committee, Corporate Social Responsibility and Consumer Protection Committee, and the Compensation Committee due to the expiration of her term of office on May 30, 2025. Both Mr. Feng Weidong and Ms. Chen Yifang confirmed no disagreement with the Board and stated that their departures would not affect the minimum number of directors required by law. They have made significant contributions in corporate governance, strategic planning, risk management, audit supervision, corporate social responsibility, and consumer protection during their tenure.
