Citibank China Chairman Bai Lan, Vice Presidents Lin Hai and Wen Jingwei have been approved for their positions.

On July 23, the Shanghai Regulatory Bureau of the China Banking and Insurance Regulatory Commission issued three approvals, approving the qualifications of Sin Baolian as a director and chairman of Citibank (China) Co., Ltd.; approving the qualifications of Lin Hai as deputy general manager of Citibank (China) Co., Ltd.; and approving the qualifications of Wen Jingwei as deputy general manager of Citibank (China) Co., Ltd. The bank must strictly comply with the relevant regulatory regulations of the China Banking and Insurance Regulatory Commission. Within three months from the date of this administrative licensing decision, the above-mentioned approved personnel must assume their positions, and report to our bureau within 10 days of taking up their positions. Those who do not assume their positions within the specified period shall lose their qualifications.