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On August 18, China Zheshang Bank issued an announcement stating that Zhang Rongsen resigned from his positions as executive director and president of the bank for personal reasons, and that Chairman Lu Jianqiang would perform the duties of president on his behalf.At present, the company’s business activities are proceeding normally, and this matter will not have a significant impact on the company’s daily operations and management.

According to the 2024 semi-annual performance report of Zheshang Bank, the bank achieved operating income of 35.279 billion yuan in the first half of the year, a year-on-year increase of 6.18%; the net profit attributable to the bank's shareholders was 7.999 billion yuan, a year-on-year increase of 3.31%. As of the end of the reporting period, the bank's total assets were 3246.610 billion yuan, an increase of 3.27% from the end of the previous year. The non-performing loan ratio was 1.43%, a decrease of 0.01 percentage point from the beginning of the year.

Source: China Business News