China Development Bank Financial Leasing Chair Ma Hong Resigns

• China Development Bank Financial Leasing’s Ma Hong resigned as chairman and executive director effective October 22, 2026, following changed work arrangements.
• Liu Hui was nominated as executive director and prospective chairman, subject to shareholder election and regulatory approval.
• Liu chaired CDB Securities from May 2023 to May 2026 before becoming the leasing company’s Communist Party secretary.
• President Bao Quanyong will temporarily assume the chairmanship, including leadership of the strategy and risk management committees.
• Bao also became social responsibility and consumer rights protection committee chairman effective October 22, 2026, with appointments to four other committees.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Development Bank Financial Leasing Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261022-12380197), on October 22, 2026, and is solely responsible for the information contained therein.