Liu Xinyi, president of SPDB, resigned, and Vice President Pan Weidong acted as president

On November 8, The Shanghai Pudong Development Bank issued an announcement on the 7th that it recently received the resignation of Liu Xinyi, vice chairman and president of the company. Pending the appointment of a new President by the Board of Directors and the approval of the Qualifications of the China Banking and Insurance Regulatory Commission, Pan Weidong, Executive Director, Vice President and Chief Financial Officer, shall act as President.

　　According to the announcement, due to work adjustments, Liu Xinyi resigned as vice chairman, executive director, president, chairman of the capital and management committee of the board of directors, and member of the strategy committee and nomination committee of the company. In accordance with the articles of incorporation, the resignation shall take effect from the date of service to the Board of Directors of the Company.

　　The announcement said that Liu Xinyi has worked in the company for more than 20 years, especially since he became the president in 2015, under the leadership of the board of directors, diligent and conscientious, professional and dedicated, leading the senior management to actively serve the national strategy, serve the real economy, accelerate business transformation, strengthen risk management, and do a lot of fruitful work to promote the steady improvement of the company's development quality and efficiency, and the company's board of directors expressed its sincere gratitude for the contributions made by Liu Xinyi during his tenure. Pending the appointment of a new President by the Board of Directors and the approval of the Qualifications of the China Banking and Insurance Regulatory Commission, Pan Weidong, Executive Director, Vice President and Chief Financial Officer, shall act as President.

　　According to public information, Liu Xinyi was born in 1965, is now 54 years old, has a postgraduate degree, and is a senior economist. In the early days, he served as the vice president of the airport branch of SPDB (presiding over the work), the deputy general manager of the Shanghai regional headquarters of SPDB, and a member of the party committee, and then seconded to the Shanghai Municipal Financial Services Office in 2002 as the director of the Institutional Division and the assistant director of the Shanghai Municipal Financial Services Office. In 2005, Liu Xinyi returned to SPDB as Vice President and Chief Financial Officer. In January 2014, SPDB issued an announcement that it had received the resignation of Liu Xinyi, who resigned as vice president and chief financial officer of the company on the grounds of job transfer, and later became the president of Shanghai Guosheng Group Co., Ltd.

　　A year later, Liu Xinyi returned to Pufa and took over zhu Yuchen as president, whose qualifications were approved by the former CbRC on June 19, 2015. In addition, Since 2015, Liu Xinyi has also served as the chairman of SPD Silicon Valley Bank, a joint venture between Shanghai Pudong Development Bank and Silicon Valley Bank of the United States.

　　Born in October 1966, Pan Weidong is a 53-year-old native of Suzhou, Jiangsu Province, with a postgraduate degree, a master's degree in economics, and a senior economist, who began his career in July 1988 and joined the Communist Party of China in December 1991. He is currently the Deputy General Manager of Shanghai International Group, the Secretary of the Party Committee and the Chairman of the Board of Directors of Shanghai International Trust Co., Ltd., and the Director and Vice President of Shanghai Pudong Development Bank Co., Ltd., in charge of the retail, technology and finance sectors of Shanghai Pudong Development Bank. (Zhongxin Jingwei app)