The 4th meeting of the 1st Board of Directors of China Construction Bank Corporation opens in Beijing on March 16, 2005. It is the 1st such meeting in 2005.

The present directors reviewed and approved the resignation of Mr. Zhang Enzhao as the director and Chairman of China Construction Bank Corporation due to personal reasons. It is decided in the meeting that Mr. Chang Zhenming succeed to the acting chairman before the new chairman is elected. The decisions will come into effect on March 16, 2005.

At present, CCB is improving the corporate governance structure, accelerating the reform of management systems, and promoting share-holding reforms according to the requirements of the Central Committee of CPC and the State Council so as to grow in a stable and healthy manner, as put forward in the development strategy.

CCB will as always support the development of national economy, provide quality services to its clients and try its best to build CCB into a modern financial enterprise with sufficient capital, strict internal control, safe operation, satisfactory services, sound profits and international competitiveness.

 

The Board of Directors of China Construction Bank Corporation
March 16 2005