Zhejiang Zheyin Financial Leasing Co., Ltd. announced that Chairman Wang Guoping has tendered his resignation from the posts of chairman, board director, and chairman of the board's strategy and consumer rights protection committee due to a change in job assignment. The resignation takes effect upon delivery of the resignation letter to the board. The company's third board of directors, at its fifteenth meeting, elected Gong Guoqiang as chairman and chairman of the board's strategy and consumer rights protection committee. Pending regulatory approval of his qualifications, Gong Guoqiang will act as chairman, chairman of the strategy and consumer rights protection committee, and legal representative for a period not exceeding six months. Zheyin Financial Leasing is a controlled subsidiary of China Zheshang Bank, with a paid-in capital of 4 billion yuan, of which China Zheshang Bank holds a 51 percent stake. As of the end of the reporting period in China Zheshang Bank's 2025 annual report, Zheyin Financial Leasing had total assets of 90.395 billion yuan, net assets of 9.119 billion yuan, and recorded a net profit of 1.287 billion yuan during the reporting period.
China Zheshang Bank Co LtdChairman resignation at subsidiary requires regulatory approval for successor, but no material impact on parent bank's operations.
Chairman resignation due to job change; acting chairman appointed pending regulatory approval, no clear positive or negative impact.