Chongqing Rural Commercial Bank Co. Ltd. proposed the appointment of three new directors to its board.

The bank said June 15 that it named Zhang Peizong an executive director and Li Minghao and Zhang Qiaoyun as independent nonexecutive directors.

They will replace Sun Lida, Sun Leland Li Hsun and Yin Mengbo, whose terms expired as directors.

Zhang Peizong is vice president and member of the Party Committee of the bank. Li Minghao is currently an investment director of Clearwater Capital Partners, while Zhang Qiaoyun is a professor of finance at Southwestern University of Finance and Economics.