Group 1 - Song Weigang has been approved by the financial regulatory authority to serve as the director and president of China Cinda Asset Management Co., Ltd., with his appointment effective from December 31, 2025, for a term of three years [1] - Song Weigang holds a bachelor's degree in accounting, a master's degree in finance, and a Ph.D. in world economy, and has a senior economist title [1] - The appointment follows a series of executive adjustments at major Asset Management Companies (AMCs) after the Ministry of Finance announced the transfer of its shares in three AMCs to Central Huijin Investment Ltd. [2] Group 2 - Prior to his current role, Song Weigang held various positions within the Ministry of Finance and served as the vice chairman of the China Securities Investor Protection Fund [2] - In 2025, Liang Qiang resigned from his positions at China Cinda due to work changes, leading to Song Weigang's nomination as president and executive director [3] - Other AMCs have also undergone leadership changes, with new appointments made in response to the restructuring initiated by the Ministry of Finance [3]

Group 1 - China Cinda Asset Management Co., Ltd. has announced the appointment of Song Weigang as the company's director and president, effective from December 31, 2025, with a three-year term [1] - Song Weigang previously served as the deputy secretary of the party committee, executive director, and general manager of China Galaxy Financial Holdings Co., Ltd., bringing extensive experience in finance and management [1] - As of June 30, 2025, China Cinda's total assets reached 1.68 trillion yuan, a 2.62% increase from the previous year, while total liabilities grew by 2.80% to 1.46 trillion yuan [3] Group 2 - In the first half of 2025, China Cinda achieved a net profit attributable to shareholders of 2.281 billion yuan, representing a year-on-year growth of 5.78% [3] - The company has been focusing on the management of non-performing assets and has played a significant role in areas such as financial risk resolution and real estate [3] - The board of directors currently consists of 10 members, with Song Weigang as a member of the Strategic Development Committee [3]

Core Viewpoint - China Cinda has announced the approval of Song Weigang as the company's director and president by the financial regulatory authority, with his appointments effective from December 31, 2025, for a term of three years, which can be renewed upon expiration [1][5]. Group 1: Company Announcement - China Cinda received approval from the financial regulatory authority for Song Weigang to serve as the company's director and president [1][5]. - Song Weigang's term as director and president will commence on December 31, 2025, lasting for three years, with the possibility of re-election [1][5]. - In addition to his roles, Song Weigang will also serve as a member of the board's strategic development committee [1][5]. Group 2: Background of Song Weigang - Song Weigang, born in 1975, has held various positions in the Ministry of Finance from 1998 to 2014, including roles as a staff member and deputy director [3][7]. - He served as the vice chairman of the China Securities Investor Protection Fund from April 2014 to August 2015 and held several leadership positions in China Galaxy Financial Holdings from 2016 to 2025 [3][7]. - Song holds a bachelor's degree in accounting, a master's degree in finance, and a Ph.D. in world economy, along with a senior economist title [4][8].

China Cinda Asset Management Co., Ltd. 中國信達資產管理股份有限公司 （在中華人民共和國註冊成立的股份有限公司） 董事名單與角色及職能： 一、執行董事 張衛東 （董事長） 宋衛剛 （總裁） 二、非執行董事 曾天明 張忠民 三、獨立非執行董事 陸正飛 林志權 汪昌雲 孫茂松 趙立民 （副總裁） 中國，北京 2026年1月5日 董事會下設五個專門委員會，各專門委員會組成如下： 2 戰略發展委員會（6人）：張衛東（主任）、宋衛剛、曾天明、張忠民、林志權、孫茂松 審計委員會（4人）：陸正飛（主任）、林志權、汪昌雲、史翠君 風險管理委員會（4人）：趙立民、曾天明、陸正飛、孫茂松 提名與薪酬委員會（4人）：孫茂松（主任）、張忠民、汪昌雲、史翠君 關聯交易控制委員會（4人）：汪昌雲（主任）、陸正飛、林志權、史翠君 史翠君 1 四、董事會專門委員會 ...

Core Viewpoint - China Cinda (01359) has received approval from the financial regulatory authority for Mr. Song Weigang to serve as the company's director and president, effective December 31, 2025, for a term of three years, with the possibility of re-election [1] Group 1 - Mr. Song Weigang will serve as an executive director of the company [1] - His appointment as president will also take effect on December 31, 2025 [1] - Mr. Song will be a member of the company's Strategic Development Committee [1]

Core Viewpoint - China Cinda (01359.HK) has received approval from the financial regulatory authority for Song Weigang to serve as the company's director and president, effective from December 31, 2025, for a term of three years, with the possibility of re-election [1] Group 1 - Song Weigang has been appointed as the executive director of the company [1] - His appointment as president will also take effect on December 31, 2025 [1] - Song Weigang will serve as a member of the company's Strategic Development Committee [1]

Core Viewpoint - China Cinda (01359) has received approval from the financial regulatory authority for Mr. Song Weigang to serve as the company's director and president, effective from December 31, 2025, for a term of three years, with the possibility of re-election [1] Group 1 - Mr. Song Weigang will assume the role of executive director of the company [1] - His appointment as president will also take effect on December 31, 2025 [1] - Mr. Song will be a member of the company's Strategic Development Committee [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 China Cinda Asset Management Co., Ltd. 中國信達資產管理股份有限公司 宋先生的簡歷及其他相關資料已載列於該公告。截至本公告日期，該等資料並未發生任 何變化。 宋先生將與本公司訂立董事服務合約。本公司董事的薪酬按照有關規定執行，薪酬清算 方案經董事會提名與薪酬委員會審議後報董事會審議，之後提交本公司股東會審議批 准。本公司董事的具體薪酬可參考本公司年報。 1 除上文披露者外，宋先生於過去三年並無在其他上市公司擔任董事職務，亦沒有在本公 司或其任何附屬公司擔任任何其他職務，與本公司任何董事、高級管理人員、主要股東 或控股股東概無任何關係。於本公告日期，宋先生並無於本公司股份中擁有任何權益 （具《證券及期貨條例》（香港法例第571章）第XV部所賦予之涵義），亦沒有受過中國證 券監督管理委員會及其他有關部門的處罰和證券交易所懲戒。 宋先生確認，概無與其委任有關之任何其他事宜 ...

Core Insights - The company is actively implementing a centralized internal audit system and exploring the application of advanced technologies like artificial intelligence in the audit field, aiming to build a research-oriented audit team and enhance the transformation of theoretical research into practice [2][9]. Group 1: Audit Performance - In 2024, the audit team completed 23 audit projects, conducted 21 on-site audits across 11 units, and accumulated 275 days of travel, demonstrating high efficiency in fulfilling audit tasks [2][9]. - The team produced 166 audit work papers and emphasized the transformation of audit results by leading the compilation of a case study on asset quality research audits [2][9]. Group 2: Research and Innovation - The audit department has integrated research concepts into audit practices, optimizing workflows and methods, and successfully established a multi-dimensional pre-audit risk assessment system [3][10]. - This risk assessment system effectively guided the formulation of audit plans and work hour allocation, enhancing the efficiency and quality of audit work [3][10]. Group 3: Youth Development - The department has launched a "Five Ones" initiative to enhance the capabilities of young employees, promoting a research-oriented audit philosophy [4][10]. - The initiative includes reading influential books, focusing on industry-specific audits, skill enhancement through practical training, team collaboration on audit case studies, and project execution to develop dynamic audit models [5][6][12][14].

Group 1 - The core point of the article is the resignation of Mr. Chen Xiaowu, a non-executive director of China Cinda (01359), due to retirement at the age limit [1] - Mr. Chen's resignation includes his positions as the chairman of the Risk Management Committee, a member of the Strategic Development Committee, and a member of the Nomination and Remuneration Committee [1]