The sixth meeting of the fourth Board of Directors of China Everbright Bank was held in Beijing on July 20; the Meeting approved the proposal that Mr. Tang Shuangning, Chairman of China Everbright Group, concurrently serve as Chairman of China Everbright Bank.

　　As a backbone state-owned enterprise under the direct management of the Central Government, China Everbright Group engages in a number of industries, including banking, securities, insurance and etc., of which the banking assets represent the largest proportion. After taking office as Chairman of China Everbright Group, Mr. Tang conducted extensive surveys, listened to the opinions from various circles and visited more than 30 administrative departments and cooperative institutions. At the CPC committee meeting and the executive board meeting held by the newly elected leaders of China Everbright Group, Mr. Tang put forth the requirements of earnestly fulfilling the scientific approach to development, fully implementing the guidelines of the State Council on the reform of China Everbright Group, and adhering to the work concept of “four focuses and one promotion: focus on addressing the primary conflict between reform and development which concerns about the future of China Everbright Group; focus on seizing the historical opportunities created by the ascending economy and bull capital market; focus on accelerating bank reforms to promote the IPOs of major companies; focus on strengthening internal management to develop strict rules and regulations and punish non-compliance personnel, with an aim to pushing forward the comprehensive development of the Group.

　　China Everbright Limited and China Everbright International Limited, red chips of China Everbright Group in Hong Kong, made official announcement that Mr. Tang Shuangning will concurrently service as Chairman of China Everbright Limited and China Everbright International Limited.