CITIC Financial Assets (02799) appointed Xiánchūn Xiàng as Chair of the Risk Management Committee

LootboxPhobia · 2026-03-01T13:59:45+00:00

CITIC Financial Assets Announcement: Zhao Jiangping and Yuan Xin have resigned from their positions as non-executive directors due to work transfers, effective from February 28, 2026. The new appointees, Xiang Xianchun and Chen Yuanling, will serve on the relevant committees. Meanwhile, Shao Jingchun will no longer serve as an independent non-executive director or on the committees due to the expiration of his term.

LootboxPhobia

2026-03-01 13:59:45

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CNBC Finance APP News: CITIC Financial Assets (02799) announced that the board of directors has received resignation letters from Ms. Zhao Jiangping and Ms. Yuan Xin. Ms. Zhao resigned due to work transfer from (1) her position as non-executive director of the company; (2) chair of the Risk Management Committee of the board; and (3) member of the Strategic Development Committee, Audit Committee, and Nomination and Remuneration Committee of the board. Ms. Yuan resigned due to work transfer from her position as non-executive director of the company. According to relevant regulations, the resignations of Ms. Zhao and Ms. Yuan will take effect from February 28, 2026.

At the board meeting held on February 28, 2026, the board resolved to appoint (1) Mr. Xiang Xianchun as chair of the Risk Management Committee, member of the Strategic Development Committee, and member of the Nomination and Remuneration Committee of the board; (2) Ms. Chen Yuanling as chair of the Related Party Transactions Committee and member of the Nomination and Remuneration Committee of the board. The appointments of Mr. Xiang and Ms. Chen will take effect from February 28, 2026, with terms coinciding with their directorships. Mr. Shao Jingchun resigned effective immediately due to the expiration of his term, and will no longer serve as (1) independent non-executive director of the company; (2) chair of the Related Party Transactions Committee; and (3) member of the Strategic Development Committee, Audit Committee, and Nomination and Remuneration Committee of the board.

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