The 2012 Annual General Meeting of the Bank held on 29 May 2013 considered and approved the proposal on the election of Mr. Tian Guoli as Executive Director of the Bank. The Board of Directors of the Bank (the “Board”) has convened a meeting and elected Mr. Tian Guoli as the Chairman of the Board. China Banking Regulatory Commission has approved the appointment of Mr. Tian Guoli.
The Board hereby announces that Mr. Tian Guoli has been appointed as the Chairman of the Board, Executive Director, Chairman and member of the Strategic Development Committee of the Board of the Bank with effect from 31 May 2013.
The biographic details of Mr. Tian Guoli are as follows:
Mr. Tian Guoli, born in 1960, joined the Bank in April 2013. From December 2010 to April 2013, Mr. Tian served as vice chairman of the board of directors and general manager of China CITIC Group. During this period, he also served as chairman of the board of directors and non-executive director of China CITIC Bank. From April 1999 to December 2010, Mr. Tian successively served as vice president and president of China Cinda Asset Management Company, and chairman of the board of directors of China Cinda Asset Management Corporation Limited. From July 1983 to April 1999, Mr. Tian held various positions in China Construction Bank (“CCB”), including sub-branch general manager, deputy branch general manager, department general manager of the CCB Head Offi ce, and assistant president of CCB. Mr. Tian received a Bachelor’s Degree in Economics from Hubei Institute of Finance and Economics in 1983.
Mr. Tian Guoli is appointed as the Chairman of the Board and Executive Director of the Bank for a term of three years, which will end on the date of the Bank’s Annual General Meeting in 2016. In accordance with Procedural Rules of the Strategic Development Committee of the Board of Directors of the Bank, Mr. Tian Guoli also serves as the Chairman and a member of Strategic Development Committee of the Board with effect from the date of his appointment as the Chairman of the Board.
The Bank remunerates the Chairman of the Board with base salaries, performance bonuses and employer’s contribution to compulsory insurances and housing allowances. The remuneration of the Chairman of the Board is determined with reference to the relevant government policies. The Personnel and Remuneration Committee of the Bank is responsible for determining the annual remuneration scheme, which will become effective upon approval by the Board and the shareholders’ meeting of the Bank. Chairman of the Board does not receive director’s remuneration from the Bank’s subsidiaries.
As far as the Directors of the Bank are aware and save as disclosed above, Mr. Tian Guoli does not have any relationship with any Director, senior management or substantial or controlling shareholder of the Bank, does not hold any position in the Bank or any of its subsidiaries, nor did he hold any directorship in other public companies the securities of which are listed on any securities market in Chinese mainland, Hong Kong or overseas in the last three years. As at the date of this announcement, Mr. Tian Guoli does not have any interests in the shares of the Bank or its associated companies according to Part XV of the Hong Kong Securities and Futures Ordinance (including but not limited to the share and convertible bond of the Bank).
Save as disclosed above, there is no other information in relation to the appointment of Mr. Tian Guoli that needs to be disclosed pursuant to any of the requirements set out in Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, nor is there any other matter that needs to be brought to the attention of the shareholders of the Bank. Mr. Tian Guoli has not been penalized by the China Securities Regulatory Commission or other relevant departments or stock exchanges.
The Board warmly welcomes Mr. Tian Guoli to join the Board.
By Order of the Board
Bank of China Limited
YEUNG Cheung Ying
Company Secretary
Beijing, PRC 31 May 2013
As at the date of this announcement, the Directors of the Bank are: Tian Guoli, Li Lihui, Li Zaohang, Wang Yongli, Sun Zhijun*, Liu Lina*, Jiang Yansong*, Zhang Xiangdong*, Zhang Qi*, Anthony Francis Neoh#, Huang Shizhong#, Huang Danhan#, Chow Man Yiu, Paul#, Jackson Tai# and Nout Wellink#.
* Non-executive Directors
# Independent Non-executive Directors
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