Qingdao Bank Independent Director Xing Lecheng 2025 Annual Performance Report Released

According to Zhongfang Network data, Qingdao Bank Co., Ltd. recently disclosed the performance report for the independent non-executive director Xing Lecheng for the year 2025. The report indicates that Xing Lecheng diligently fulfilled his duties during the reporting period and actively safeguarded the rights and interests of the bank and minority shareholders.

In terms of participation, Xing Lecheng personally attended all four shareholder meetings and 17 board meetings in 2025. As the chairman of the related party transaction control committee, as well as a member of the remuneration committee, audit committee, risk management, and consumer rights protection committee, he attended all relevant specialized committee meetings in person except for one occasion where he was legally represented, spending approximately 22.5 days on-site at the bank throughout the year. He actively participated in specialized research of the Tai’an branch and made suggestions regarding talent development.

In terms of supervision and decision-making, Xing Lecheng focused on the legality and fairness of major related party transactions, profit distribution plans, and other matters. Throughout the year, he expressed independent opinions on a total of 13 proposals, including the selection of accounting firms, profit distribution plans, executive performance bonuses, internal controls, derivative investments, and various specific related party transactions. He maintained ongoing communication with internal audit institutions and external accounting firms to oversee the internal control system and audit work.

The report notes that Xing Lecheng adhered to principles of independence, objectivity, and fairness during his tenure, remaining unaffected by major shareholders or related parties. He exercised prudent voting using his professional knowledge and effectively fulfilled his responsibilities as an independent director. By participating in training, reviewing reports, and conducting in-depth research, he continuously monitored the bank’s operational development and risk management status. In 2026, he stated that he would continue to diligently fulfill his duties, providing advice for the sustainable and high-quality development of Qingdao Bank and safeguarding the legal rights and interests of the company and all shareholders.

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