Luzhou Bank Co., Ltd. Appoints Zhong Jin as an Independent Non-Executive Director
November 30, 2020 at 06:56 pm IST
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On November 30, 2020, Luzhou Bank Co., Ltd. received the Approval by China Banking and Insurance Regulatory Commission Sichuan Office of the qualification of ZHONG Jin for appointment as an independent director of Luzhou Bank Co., Ltd. (Chuan Yin Bao Jian Fu [2020] No. 623) issued by the China Banking and Insurance Regulatory Commission Sichuan Office (the "CBIRC Sichuan Office"). Pursuant to relevant regulations, the CBIRC Sichuan Office has confirmed that Mr. ZHONG Jin is qualified for the appointment as director which became effective from November 30, 2020. On the same day, Mr. ZHONG Jin was appointed as a member of the Related Party (Connected) Transactions Control Committee and the Nomination and Remuneration Committee under the seventh session of the Board.
Luzhou Bank Co., Ltd., formerly Luzhou City Commercial Bank Co., Ltd., is a China-based commercial bank. The Company mainly conducts its businesses through four segments. The Corporate Banking segment provides its corporate banking customers with a range of products and services, including corporate loans, bill discounting and corporate deposits. The Retail Banking segment provides its retail banking customers with a range of products and services, including personal loans, personal deposits and card services. The Financial Markets segment is mainly engaged in money market transactions, investment management and wealth management. The Others segment provides other commercial bank services.