The board of directors of Harbin Bank Co., Ltd. recently received resignation letters from Mr. Wan Kam To ("Mr. Wan") and Mr. Kong Siu Chee ("Mr. Kong"). According to the provisions of the Guidelines on Corporate Governance of Commercial Banks issued by the China Banking and Insurance Regulatory Commission and relevant laws and
regulations as well as the articles of association of Harbin Bank Co., Ltd. (the "Articles of Association"), independent directors shall not serve for a term of more than six years on an accumulative basis in the same commercial bank. As the term of office of Mr. Wan and Mr. Kong as independent non-executive directors of the Bank will reach six years on 8 October 2019, Mr. Wan has resigned from his positions as an independent non-executive director of the seventh session of the Board, the chairman of the Audit Committee and the member of the Nomination and Remuneration Evaluation Committee under the Board, and Mr. Kong has resigned from his positions as an independent non-executive director of the seventh session of the Board and members of the Audit Committee and the Development Strategy Committee under the Board, with effect from 8 October 2019. Mr. Wan and Mr. Kong will not hold any positions with the Bank after resignation. Upon the resignation of Mr. Wan and Mr. Kong, the Board has appointed Mr. Ma Yongqiang as the chairman of the Audit Committee and Mr. Hou Bojian as a member of the Development Strategy Committee under the Board and the compositions of the Audit Committee, the Nomination and Remuneration Evaluation Committee and the Development Strategy Committee.
Harbin Bank Co., Ltd. is a Hong Kong-based investment holding company principally engaged in financial businesses. The Company operates through four segments. Corporate Financial segment is engaged in the provision of financial products and services to corporate customers, including deposits, loans, settlement and other products and services related to trading businesses. Retail Financial segment is engaged in the provision of financial products and services to retail customers, including deposits, bank cards and credit cards, personal loans and collateral loans and personal wealth management services, among others. Interbank Financial segment is engaged in money market placements, repurchasing businesses, investment businesses and foreign exchange transactions, among others. Other Businesses segment is engaged in other businesses and businesses related to assets, liabilities, income and expenses.