Board of Directors

The Board of Directors is an operating and decision-making entity of the Company responsible to the shareholders’ general meeting. The Board of Directors shall perform the following duties in accordance to the law, including but not limited to: to implement the resolutions passed in shareholders’ general meetings; to determine the Company’s development strategy, operation plans and investment proposals; to formulate the Company’s annual financial budget and final account statement; to formulate the Company’s profit distribution plan and plan for recovery of losses; to formulate proposals for the increase or reduction of the Company’s registered capital; to formulate the management system of the Company and supervise its implementation; to determine the risk management, compliance and internal control policies and to formulate systems in relation to the internal control and compliance management of the Company, and to formulate equity incentive plans.

Zhang Weidong, Chairman and Executive Director：Mr. Zhang has been the executive Director since January 2020 and Chairman since August 2022. He worked in China Construction Bank from July 1992 to April 1999 and previously served as the cadre and deputy director of the real estate credit department. He joined the Company in April 1999 and successively held various positions since September 2002 as the deputy director of the asset appraisal department, the general manager of the asset appraisal department, the general manager of the market development department, the head of the reorganization leading panel office, the head of the strategic investors introduction and listing panel office, the head of the listing preparation leading panel office, the general manager of the investment and financing management department, the Board Secretary (concurrently serving as the general manager of strategic development department, the director of the financial risk research center and the director of the postdoctoral management office) and the Assistant to the President of the Company. From November 2015 to October 2019, he successively held various positions in China Trust Protection Fund Co., Ltd., including the executive director, vice president and president. Mr. Zhang served as the deputy secretary of the Party Committee of the Company from October 2019 to March 2022 and President from January 2020 to July 2022, and has been serving as the secretary of the Party Committee of the Company since March 2022, and concurrently serving as the nonexecutive director and chairman of NCB Hong Kong since November 2020. Mr. Zhang graduated from Tongji University in 1989 with a bachelor’s degree in Engineering and graduated from Renmin University of China in 1992 with a master’s degree in Economics. He holds the professional title of Senior Economist.

Liang Qiang, Executive Director and President：Mr. Liang has been the executive Director and President since October 2022. He joined the Company in September 1999 and worked successively in multiple positions at the Taiyuan office, the market development department, the finance department, the planning and finance department, the comprehensive planning department, the strategic investors introduction and listing panel office of the Company, and Shanghai branch. He successively took the positions of Assistant to President, member of the Party Committee and Vice President of the Company from December 2015 to December 2019, and concurrently served as a non-executive director of NCB Hong Kong from May 2016 to February 2020. He successively took the positions of member of the party committee, vice president and executive director of China Orient Asset Management Co., Ltd. from December 2019 to December 2020. He successively took the positions of deputy secretary of the party committee, executive director and president of China Great Wall Asset Management Co., Ltd. from December 2020 to June 2021. He successively took the positions of deputy secretary of the party committee, president and executive director of China Huarong Asset Management Co., Ltd. from June 2021 to September 2022. He has been the deputy secretary of the Party Committee of the Company since September 2022. Mr. Liang graduated from Shanxi Finance & Taxation College in 1993 majoring in Investment and Economic Management. Mr. Liang graduated from the Shanghai University of Finance and Economics majoring in Accounting and obtained a bachelor’s degree in Economics in 1999. He obtained an MBA degree from Tsinghua University in 2005. He holds the professional title of Senior Economist.

Zhao Limin, Executive Director and Vice President：Mr. Zhao has been the executive Director since May 2022. He worked in China Construction Bank from July 1993 to September 1999, and joined the Company in September 1999. He had held various positions successively, including the deputy director of the Hohhot office, the general manager of the Jilin branch of the Company and the general manager of Cinda Investment. He has been serving successively as assistant to President and a member of the Party Committee and Vice President since August 2019, and concurrently serving as the director and chairman of Cinda Real Estate from December 2020 to August 2022. Mr. Zhao obtained a bachelor’s degree in Economics from Liaoning University in 1993. He holds the professional title of Senior Economist.

Chen Xiaowu, Non-executive Director：Mr. Chen has been a non-executive Director since December 2021. From August 1987 to September 2002, he consecutively served as the cadre and senior staff of the department of education under MOF, the principal staff, the department secretary (deputy director level) and the department secretary (director level) of the general affairs division in the department of personnel and education under MOF. From October 1997 to October 1998, he practiced as the assistant to the mayor of Sanhe City of Hebei Province. From September 2002 to July 2016, he successively acted as the financial manager (director level) and general manager (deputy-department level) of Bauhinia Magazine in Hong Kong. From July 2016 to January 2021, he successively served as the deputy director (deputy-department level) of the tariff policy research center and fiscal notes supervision center under MOF. From January 2021 to December 2021, he has been serving as the deputy director and first-class inspector of the fiscal notes supervision center under MOF. Mr. Chen graduated from the accounting major under the Financial Accounting Department of Jiangxi College of Finance and Economics (currently known as Jiangxi University of Finance and Economics) in 1987 with a bachelor’s degree in Economics, and graduated from the University of South Australia in 2005 with a master’s degree in Business Administration. He holds the professional title of Accountant.

Zeng Tianming, Non-executive Director：Mr. Zeng has been a non-executive Director since December 2024. From October 1985 to July 1992, he successively served as a warrior of the Third PAP Transportation Branch, as well as a warrior, a volunteer and the deputy squad leader of the gold corps of PAP. From July 1992 to November 2007, he had successively held various positions with the gold command department of the PAP, including the financial treasurer and the accountant at the level of platoon leader, the assistant at the level of deputy company commander and assistant at the level of company commander of Beijing enterprise office, and the assistant accountant and deputy director of the work department directly under the command department. From November 2007 to March 2018, he served as a cadre of the finance and accounting department, and a deputy researcher, a researcher and the director of the finance department of the finance and accounting department (solvency supervision department) of the China Insurance Regulatory Commission. From March 2018 to March 2023, he served as the office director, cadre at director level, firstclass researcher and second-class inspector of the youth league committee of the Party committee (publicity department of the Party committee) of the labor union of the CBIRC. From April 2023 to December 2024, he served as the second-class inspector of the Party committee of the NFRA. Mr. Zeng graduated from the Engineering College of PAP (currently known as Engineering University of PAP) majoring in financial management.

ZHANG Zhongmin, Non-executive Director：Ms. Zhang has been a non-executive Director since March 2025. She served as a cadre, and an assistant researcher of the research and development division of the investment department, a researcher of the equity division, the director of the direct management division, the director of the equity management division, as well as the deputy director of the equity asset department (industrial investment department) of the NCSSF. She currently serves as a director of Founder Securities Co., Ltd. Ms. Zhang graduated from Hunan University with a bachelor’s degree in Economics in 1992, and graduated from Renmin University of China with a master’s degree and a PhD degree in Economics in 2003 and 2006, respectively.

Lu Zhengfei, Independent Non-executive Director：Mr. Lu has been an independent non-executive Director since September 2019. He is currently a professor of accounting and PhD tutor of the Guanghua School of Management of Peking University, the director of the research center for financial analysis and financial investment of Peking University, and concurrently an executive director of the Accounting Society of China and the deputy director of the professional committee for financial management, a member of the Editorial Committees of Accounting Research and Auditing Research. He was elected into the “Accountant Specialist Training Project” (first batch) of MOF in 2013, and as a Changjiang Scholars Distinguished Professor of the Ministry of Education in 2014. From 1994 to 1999, Mr. Lu served as the head of the accounting department of the Business School of Nanjing University. From 2001 to 2015, he successively served as the head of the accounting department and vice president of the Guanghua School of Management of Peking University. Mr. Lu is currently an independent non-executive director of Sino Biopharmaceutical Limited, independent director of Xinjiang Tianshan Cement Co., Ltd. and independent director of China International Capital Corporation Limited, and used to be an independent supervisor of PICC Property and Casualty Company Limited. Mr. Lu graduated from the accounting department of Renmin University of China in 1988 with a master’s degree in Economics and graduated from the Business School of Nanjing University in 1996 with a doctorate in Economics.

Lam Chi Kuen, Independent Non-executive Director：Mr. Lam has been an independent non-executive Director since November 2019. He is now an independent non-executive director of Luks Group (Vietnam Holdings) Company Limited and independent director of China Life Insurance Company Limited. Mr. Lam once served as a senior consultant and partner of Ernst & Young. Mr. Lam received a higher diploma in Accounting from the Hong Kong Polytechnic (currently known as The Hong Kong Polytechnic University) in 1977. He is a member of the Hong Kong Institute of Certified Public Accountants and a fellow of the Association of Chartered Certified Accountants.

Wang Changyun, Independent Non-executive Director：Mr. Wang has been an independent non-executive Director since September 2022. He currently serves as a professor and a PhD tutor in finance at the School of Finance of Renmin University of China, the head of the Institute of International M&A and Investment of Renmin University of China, and the deputy director of the ESG Research Center of Renmin University of China. He received the Financial Support of the National Science Fund for Distinguished Young Scholars in 2007 and the title of Middle Age Experts with National Outstanding Contribution in 2013. In 2014, he was elected as the Cheung Kong Distinguished Professor of the Ministry of Education. He is also entitled to the Special Government Allowance of the State Council. From 1999 to 2005, he served as a lecturer at the Business School of National University of Singapore. He previously served as the chair of the Applied Finance Department in School of Finance, director of China Financial Policy Research Center and dean of Hanqing Advanced Institute of Economics and Finance of Renmin University of China. He is currently the vice chairman of China Investment Specialty Construction Association, executive director of China Investment Association, director of China Society for Finance and Banking and special auditor of National Audit Office. He is currently the independent director of Agricultural Bank of China Limited, Hexie Health Insurance Co., Ltd., Shenwan Hongyuan Securities Co., Ltd. and Aerospace Science & Technology Finance Co., Ltd. Mr. Wang previously served as the independent director of Bank of China Limited, Beijing Haohua Energy Resource Co., Ltd. and Sunway Co., Ltd. Mr. Wang graduated from Renmin University of China with a bachelor’s degree and a master’s degree in Economics in 1986 and 1989, respectively; he graduated from the University of London with a doctorate in Financial Economics in 1999.

Sun Maosong, Independent Non-executive Director：Mr. Sun has been an independent non-executive Director since September 2022. He is currently a professor and a PhD tutor of the Department of Computer Science and Technology, Tsinghua University, the executive vice president of the Institute for Artificial Intelligence, Tsinghua University, a member of the Degree Evaluation Committee and the chairman of the Computer Degree Evaluation Sub-committee of Tsinghua University, the director of the Massive Online Education Research Center of Tsinghua University, the co-director of the Tsinghua-NUS Next Joint Research Center, the executive director of the Chinese Association for Artificial Intelligence and the chief editor of the Journal of Chinese Information Processing, a national core journal. He is the chief scientist of the National Basic Research Program of China (Program 973) and chief specialist of significant projects under the National Social Science Fund of China. In 2016, he was selected as the “National Excellent Technical Personnel”. In 2020, he was elected as a foreign member of Academia Europaea. In 2021, he was elected as a member of Chinese Association for Artificial Intelligence and Chinese Information Processing Society of China, respectively. He was the dean of the Department of Computer Science and Technology, Tsinghua University from 2007 to 2010. Mr. Sun graduated from the Department of Computer Science and Technology, Tsinghua University with a bachelor’s degree and a master’s degree in Engineering in 1986 and 1988, respectively. He graduated from the City University of Hong Kong with a doctorate in Philosophy in 2004.

SHI Cuijun, Independent Non-executive Director：Ms. Shi has been an independent non-executive Director since April 2023. She is currently the arbitrator of Hong Kong International Arbitration Centre, China International Economic and Trade Arbitration Commission and Beijing Arbitration Commission. She served as the legal counsel of the Beijing Representative Office of CMS Cameron McKenna LLP in the United Kingdom, the senior lawyer of the Beijing Representative Office of Herbert Smith Freehills LLP in the United Kingdom, the general counsel of State Grid Assets Management Co., Ltd., the senior legal counsel of the legal department of Siemens Ltd., China and the general counsel of Total Energy (Beijing) Enterprise Management Co., Ltd. She used to be an independent director of Beijing Zhong Ke San Huan Hi-Tech Co., Ltd. Ms. Shi graduated from the College of Arts and Law of Beijing Union University with a bachelor’s degree in law in 1992. She graduated from the School of Law of Boston University with a master’s degree in banking and financial law in 2001.

Board of Supervisors

The Board of Supervisors is the supervisory body of the Company and shall be responsible to and report its work to the shareholders’ general meeting pursuant to the Articles. The Board of Supervisors shall perform the following duties: (1) to supervise the adoption by the Board of prudent business philosophy and value standards and formulate development strategies in line with the actual situations of the Company; (2) to assess the scientificity, rationality and effectiveness of the development strategies formulated by the Board on a regular basis and form assessment reports; (3) to examine and supervise the financial condition of the Company, and review the financial information including the financial reports and the profit distribution plan; (4) to conduct overall assessment on the performance of duties by Directors, Supervisors and Senior Management; (5) to monitor, review and supervise the ratification of the operational decision-making, risk management and internal control of the Company, and supervise and direct the internal audit department of the Company; (6) to nominate shareholder representative Supervisors, external Supervisors and independent Directors, and supervise the election and appointment procedures of Directors; (7) to appraise the scientificity and rationality of the remuneration system and policy of the Company as well as the remuneration scheme of Senior Management; and formulate assessment methods and remuneration scheme of supervisors and submit to the shareholders’ general meeting for approval; and (8) to formulate amendments to the rule of procedures of the Board of Supervisors.

The Board of Supervisors consists of eight Supervisors, including one shareholder representative Supervisor, Mr. Gong Jiande as the Chairman of the Board of Supervisor, and three external Supervisors, namely Mr. Zhang Zheng,Mr.Zhen QingGui and Mr. Cai XiaoQiang, and four employee Supervisors, namely Ms. Gong Hongbing, Mr. Lu Baoxing , Mr. Yuan Liangming and Ms. Zhou Lihua.

Mr. Gong Jiande：Mr. Gong has been the Chairman of the Board of Supervisors and the shareholder representative Supervisor of the Company since February 2015. Mr. Gong served as the secretary to general office, deputy secretary and secretary of department level to the State Ethnic Affairs Commission of the PRC from August 1995 to October 2000. He also served as the department cadre, research consultant, deputy director and director of the organization department of the CPC Financial Work Committee from October 2000 to July 2003. He was the secretary to the discipline supervisory committee of the headquarters (deputy director level), the chairman of the labor union of the headquarters (in the grade of deputy director), the member of discipline supervisory committee (during which he worked for the CPC Financial Inspection Group), general deputy secretary to the Party committee of the headquarters (director level) for the CBRC, member of the informatization panel and head of the government procurement office of the CBRC, vice chairman of the Research Institute of Party Construction of the Central Government Authorities and deputy director of the Chamber of Financial Street from July 2003 to September 2014. He has served as the deputy secretary of the Party Committee of the Company since September 2014. Mr. Gong graduated from the Party School of the Central Committee of CPC, majoring in Economic Management in 1996, and graduated from the postgraduate program of the Party School of the Central Committee of CPC in 2007.

Mr. Zhen Qinggui：Mr. Zhen has been an external Supervisor of the Company since August 2021.He serves as the vice chairman of Beijing Zhonglun W&D Law Firm, director of major and material case research center and deputy director of risk control committee thereof, an external director of China Aero Engine Beijing Co., Ltd., the director of China Duty Free (Cambodia) Co., Ltd. and a member of the Intellectual Property Committee of All China Lawyers Association. He once served as an advisory expert of the Supreme Court Intellectual Property Case Guidance Research Center (Beijing) and the deputy director of Trademark Law Professional Committee of Beijing Lawyers Association of the tenth session. From 1987 to 1995, he served as the legal advisor of Shougang Corporation’s Legal Affairs Division. He graduated from Peking University with a bachelor’s degree in philosophy and a bachelor’s degree in law in 1987, graduated from the University of International Business and Economics with a master’s degree in international law in 2003, and graduated from Chicago-Kent College of Law, the Illinois Institute of Technology with a master’s degree in intellectual property law in 2008.

Mr. Liu Li：Mr. Liu has been an external Supervisor of the Company since August 2022. He is currently a professor and a PhD tutor of the Department of Finance of the Guanghua School of Management of Peking University. From September 1984 to December 1985, he served as a lecturer at Beijing Institute of Iron and Steel. He has been working in the Guanghua School of Management and School of Economics of Peking University since January 1986. He was the chairman of the Trade Union, director of the Department of Finance and director of MBA program of Guanghua School of Management of Peking University. He was awarded the Second Prize of Philosophy and Social Science in Beijing, the Excellent Textbook Award by Ministry of Education and the Li Yining Special Contribution Award. He serves as the independent director of China International Capital Corporation Limited, Metallurgical Corporation of China Ltd. and CNPC Capital Company Limited. He served as the independent director of Bank of Communications Co., Ltd., Success Electronics Ltd. and China Machinery Engineering Corporation. Mr. LIU graduated from the Department of Physics of Peking University with a bachelor’s degree and a master’s degree in Science in 1982 and 1984, respectively. He graduated from Catholic University of Leuven, Belgium with a master’s degree in Business Administration in 1989. Mr. LIU is qualified as a Certified Public Accountant of the PRC.

Mr. Cai Xiaoqiang：Mr. Cai has been an external Supervisor of the Company since August 2021.He serves as the Presidential Chair Professor and Associate Vice President of The Chinese University of Hong Kong, Shenzhen, the Vice President of Shenzhen Research Institute of Big Data and the director of Smart City, Transportation and Logistics Big Data Laboratory thereof, and the director of Shenzhen Key Laboratory of IoT Intelligent System and Wireless Network Technology. Mr. Cai is the Academician of the International Academy for Systems and Cybernetic Sciences, a special expert of the National Major Talent Program, a recipient of the Outstanding Young Scientist Award (Overseas Category), a leading talent of the Guangdong Pearl River Scholar, the Class A talent of the Peacock Plan of Shenzhen, and a Fellow of the Hong Kong Institute of Engineers. He received the Distinguished Professor Award from the International Society of Industrial Engineering and Operations Management in 2021. He graduated from Harbin Ship Engineering Institute with a bachelor’s degree in automatic control in 1982, graduated from Tsinghua University with a master’s degree in control theory in 1985, graduated from Tsinghua University with a doctorate in system engineering in 1988, and conducted postdoctoral researches at the University of Cambridge and the Queen’s University of Belfast, UK from 1989 to 1991.

Ms. Gong Hongbing：Ms. Gong has been an employee Supervisor of the Company since July 2014. From August 1988 to August 1999, Ms. Gong consecutively served at the personnel department of Yantai branch and the personnel division of Shandong branch of China Construction Bank. Ms. Gong joined the Company in August 1999 and served as the assistant to general manager of the general affairs office and assistant to the director of the board of directors’ office of the Company, deputy general manager (in charge of work) and general manager of the general affairs office (mass work department). Since October 2015, she has served as the deputy director of the labor union. Since November 2019, she has served as the director-general of the organization department of the Party Committee of the Company and the general manager of human resources of the Company. Ms. Gong graduated from the Harbin Senior Finance College (currently known as Harbin Finance University) majoring in Bank Management in 1988 and graduated from the Shandong Branch of the Party School of the Central Committee of CPC majoring in Economics and Management in 2002. She obtained a master’s degree in Business Administration from the Beijing Jiaotong University in 2008. She holds the professional title of Senior Political Engineer.

Mr. Lu Baoxing：Mr. Lu has been an employee Supervisor of the Company since August 2019. From July 1985 to October 2003, Mr. Lu consecutively served as a teacher of the Shandong Banking School, the office clerk, officer, associate chief officer, chief officer, deputy director of division of Shandong branch (Jinan branch) of PBOC. From October 2003 to November 2011, Mr. Lu consecutively served as the deputy director and director at the CBRC Shandong Bureau. Mr. Lu joined the Company in November 2011 and served as the deputy general manager of Shandong branch, the deputy general manager in charge of Anhui branch, the general manager of Anhui branch and the general manager of Shandong branch. Since April 2019, he has been serving as the director of the board of supervisors’ office. Mr. Lu graduated from Shandong Banking School (currently known as Qilu University of Technology) majoring in City Banking in 1985 and graduated from the Shandong Economics University (currently known as Shandong University of Finance and Economics) majoring in Accounting in 1990. He graduated from the East China Normal University majoring in International Finance in 1996 with a bachelor’s degree in Economics and graduated from the School of Management of Guizhou University in 2008 with a master’s degree in Business Administration. He holds the professional title of Senior Accountant.

Mr. Yuan Liangming：Mr. Yuan has been an employee Supervisor of the Company since August 2019. From July 1988 to May 1999, Mr. Yuan consecutively served as the associate chief officer and chief officer of Hubei branch of China Construction Bank. Mr. Yuan joined the Company in May 1999 and held various positions including the dedicated approver of the business review department and the assistant to the general manager and deputy general manager of the risk management department. Since June 2019, he has been serving as the general manager of the risk management department. Mr. Yuan graduated from the Zhongnan University of Finance and Economics (currently known as Zhongnan University of Economics and Law) majoring in Investment and Economic Management in 1988 with a bachelor’s degree in Economics. He graduated from the Department of Finance of Renmin University of China in 1995 with a master’s degree in Economics and graduated from the Wuhan University in 2008 with a doctorate in Economics. Mr. Yuan holds the professional title of Senior Economist.

Ms. Zhou Lihua：Ms. Zhou has been an employee Supervisor of the Company since September 2022. From August 1987 to October 1999, Ms. ZHOU worked in the office of Hebei branch of China Construction Bank. Ms. ZHOU joined the Company in October 1999 and had held various positions including the head of audit, audit director and deputy director (in charge) of the trade union of Happy Life Insurance Co., Ltd., assistant to general manager of the general affairs office (mass work department), deputy general manager of the general affairs office and deputy general manager (in charge) of the general affairs office of the Company. Since August 2022, Ms. ZHOU has served as the deputy general manager (in charge) of the labor union work department (general affairs office) of the Company. Ms. ZHOU graduated from Harbin Construction Bank School majoring in Infrastructure Finance and Credit in 1987. She graduated from Renmin University of China majoring in Infrastructure Economics in 1992 and graduated from Renmin University of China majoring in Investment Economics in 1998 with a bachelor’s degree in Economics. She holds the professional title of Economist.