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Postal Savings Bank of China Announces Director Nomination and Board Committee Changes

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Postal Savings Bank of China Announces Director Nomination and Board Committee Changes

Postal Savings Bank of China Co., Ltd. Class H ( (HK:1658) ) just unveiled an announcement.

Postal Savings Bank of China Co., Ltd. has nominated Mr. Pu Yonghao as an Independent Non-executive Director, subject to approval by the National Financial Regulatory Administration. Mr. Pu brings a wealth of experience from various financial institutions and is deemed independent under Hong Kong Listing Rules. Additionally, the bank announced changes in its Board committees, with new appointments to the Nomination and Remuneration Committee and the Audit Committee, effective upon regulatory approval. These changes are expected to enhance the bank’s governance and strategic oversight.

More about Postal Savings Bank of China Co., Ltd. Class H

Postal Savings Bank of China Co., Ltd. is a joint stock limited liability company incorporated in the People’s Republic of China. It operates within the financial services industry, focusing on providing banking and financial services. The company is not an authorized institution under the Banking Ordinance in Hong Kong and is not supervised by the Hong Kong Monetary Authority.

YTD Price Performance: 13.54%

Average Trading Volume: 66,870,494

Technical Sentiment Signal: Sell

Current Market Cap: HK$554.1B

For an in-depth examination of 1658 stock, go to TipRanks’ Stock Analysis page.

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