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Senior management is our executive agency and reports to the Broad of Directors. President is the representative of the senior management, vice presidents and other senior management members assist the president in discharging the duties. A system of divided labor and individual responsibility is established in Senior Management—managers should shoulder their own duties according to the Articles of Association and the authority given by president of our bank. The division of authority between Senior Management and the Board of Directors is strictly in accordance with the Articles of Association and other governance documents of the bank.