houseoffunfreespins2019| Liao Zhisheng, the sole director of Xi'an Bank, has resigned after extended "service", and the bank's independent directors will be adjusted

Xi'an Bank said it would formally implement the relevant governance procedures for the adjustment of independent directors at the annual general meeting of shareholders in 2023.

In response to the fact that Dong Dong has extended his service and still receives the allowance, Xi'an Bank (600928) (600928Houseoffunfreespins2019.SH) declare your position again.

On May 15, Xi'an Bank issued the rectification report on the Administrative Supervision measures of Shaanxi Securities Supervision Bureau. The bank said that after receiving the regulatory measures, it communicated with Liao Zhisheng in time, and Liao Zhisheng submitted a formal resignation report to the company's board of directors on April 29. Apply to resign as an independent director of the sixth board of directors and relevant special committees of the board of directors.

However, after Liao Zhisheng resigns, the number of independent directors of Xi'an Bank will be less than 1/3 of the board of directors. Xi'an Bank pointed out that before the general meeting of shareholders of the company elects a new independent director and is approved by the regulatory department to take up his post, Liao Zhisheng will continue to perform the duties of independent director and relevant special committee of the board of directors in accordance with laws and regulations and the articles of association.

It is worth noting that on May 7, Xi'an Bank announced that Dong Liang Yongming had submitted a resignation report because his term of office was about to expire, and also said that as Liang Yongming's resignation would result in less than 1/3 of the number of independent directors of the bank and a lack of accounting professionals among independent directors, they needed to continue to perform their duties.

Blue Whale News looked at the 2023 annual report of Xi'an Bank and found that the bank has 11 directors and four independent directors, which means that the number of independent directors of the bank can no longer be reduced.

The bank said in its rectification report that in view of the current problems of independent directors, the company has quickly docked with a number of prospective candidates on the basis of previous market selection, and is speeding up the prequalification of independent directors. and will formally implement the relevant governance procedures for the adjustment of independent directors at the annual general meeting of shareholders in 2023.

On April 25, Xi'an Bank disclosed that it had received a "decision on ordering corrective regulatory measures against Xi'an Bank Co., Ltd., and Liao Zhisheng" issued by the Shaanxi Regulatory Administration of the Securities Regulatory Commission.

The decision shows that Luo Guoyu and Liao Zhisheng, the current independent directors of Xi'an Bank, have served for six consecutive years as of November 2022. Guo Guoyu submitted his resignation report to the bank in March 2023, but the bank has not completed the by-election of independent directors so far.Houseoffunfreespins2019Knowing that he has served for more than six years in a row, Liao Zhisheng continues to serve and receives allowances, and has not submitted a written resignation report to the board of directors. According to the relevant regulations, Shaanxi Securities Regulatory Bureau decided to take corrective regulatory measures against Xi'an Bank and independent director Liao Zhisheng.

It is worth noting that there has been a big change at the top of the bank recently. Among them, the bank has just ushered in a new party committee secretary. According to the news of "Xi'an release" on April 15, Liang Banghai was appointed secretary of the committee of Xi'an Bank Co., Ltd. Liang Banghai has worked in Ping an Bank (000001), has served as Party Committee Secretary of Xi'an Branch of Ping an Bank, Senior Supervisor of Company Business of head Office of Ping an Bank and head of preparatory group of Yinchuan Branch.

In addition, on April 29, the bank announced that Shi Xiaoyun, secretary of the board of directors, submitted his resignation report to the company's board of directors on the same day due to job adjustment and would no longer serve as secretary to the company's board of directors. During the vacancy of the secretary of the board of directors of the bank, Liang Banghai will temporarily perform the duties of the secretary of the board of directors of the company.