Group 1 - The Xinjiang Financial Regulatory Bureau approved Wang Hui's qualification as the chairman of Urumqi Bank, following the resignation of the previous chairman, Ren Siyu, due to work changes [2] - Wang Hui was elected as the chairman of the sixth board of directors of Urumqi Bank after serving as the bank's president for less than six months [2] - Wang Hui has publicly attended industry discussions as the party secretary of Urumqi Bank [2] Group 2 - Urumqi Bank has been preparing for an IPO for eight years, having signed a guidance agreement with Haitong Securities in March 2017 [4] - As of now, Urumqi Bank remains in the listing guidance period, with Haitong Securities issuing 32 progress reports regarding the bank's IPO efforts [4] - The bank's complex shareholding structure due to historical reasons has led to recommendations for rectification from Haitong Securities, which the bank is currently addressing [4] - Urumqi Bank, established in December 1997, is the first local joint-stock bank in Xinjiang and was approved for its name change in 2015 [4] - The major shareholder of Urumqi Bank is Urumqi State-owned Assets Management (Group) Co., Ltd., holding 19.6% of the shares [4]

Group 1 - Guilin Bank's 2024 financial report indicates a leadership change, with Wu Dong resigning as chairman and Zhang Xiande stepping in as acting chairman [1] - The Guilin Municipal People's Congress has decided to remove Wu Dong from his position as a representative [1] - A new management team is emerging, with Zhang Xiande likely to be appointed as chairman and Lei Ming as the new president of Guilin Bank [1] Group 2 - Zhang Xiande, aged 53, has extensive financial management experience, having held various positions within Guilin Bank since joining in 2011 [2] - Lei Ming, born in the 1980s, is one of the youngest executives at Guilin Bank, with a strong background in risk management and compliance since joining in 2015 [2] - The bank has seen significant personnel changes, with 18 executives leaving over the past two years, including five in the latest report, all of whom resigned mid-term [1]

Core Viewpoint - Guilin Bank has disclosed its 2024 annual report, showing growth in operating income and net profit, alongside changes in leadership and ongoing IPO preparations [1][10]. Financial Performance - In 2024, Guilin Bank achieved operating income of 12.05 billion yuan, a year-on-year increase of 4.88% [2]. - The net profit for 2024 was 2.32 billion yuan, reflecting a year-on-year growth of 5.80% [2]. - The bank's net interest income was 9.23 billion yuan, down from 10.36 billion yuan in 2023 [2]. - The total assets of Guilin Bank reached 576.45 billion yuan by the end of 2024, marking a growth of 6.23% from the beginning of the year [3]. - Total deposits amounted to 391.78 billion yuan, up 3.47% year-on-year [3]. - Total loans increased to 360.28 billion yuan, representing a growth of 10.93% [3]. Leadership Changes - Chairman Wu Dong has resigned, with President Zhang Xiande taking over the chairman's responsibilities [4]. - Wu Dong served as chairman since early 2020, completing over five years in the role [6]. IPO Progress - Guilin Bank is currently in the IPO counseling phase, having initiated this process on August 10, 2023, and completed the seventh phase of counseling in April 2024 [10][12]. - If successful, Guilin Bank could become the first listed bank in Guangxi [12].