Postal Savings Bank of China Co., Ltd. Announces Zhang Xuewen Resigns as Executive Director
and vice president, with effect from April 19, 2023. Mr. Zhang Xuewen joined the Bank in 2013. He has been adhering to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era during his tenure of office. He fulfilled his duties with due diligence, responsibilities and dedication, strictly carried out decisions and arrangements of the Party Committee and the Board of the Bank. Mr. Zhang Xuewen deeply participated in major reforms such as the introduction of strategic investors and the listing of A shares and H shares, continued to improve financial management, actively innovated the operation model of the corporate banking business, effectively improved the quality and efficiency of asset and liability management, and vigorously promoted high-quality transformation and development, thus making important contributions to building the Bank into a first-class large retail commercial bank. The Board of the Bank would like to express its sincere gratitude to Mr. Zhang Xuewen.