C07059-2024

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Nov 6, 2024
2. SEC Identification Number
443
3. BIR Tax Identification No.
000-444-210-000
4. Exact name of issuer as specified in its charter
China Banking Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Chinabank Building, 8745 Paseo de Roxas corner Villar Street, Makati City Postal Code 1226
8. Issuer's telephone number, including area code
888-55-555
9. Former name or former address, if changed since last report
N.A.
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common 2,691,340,312
11. Indicate the item numbers reported herein
Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

China Banking CorporationCBC

PSE Disclosure Form 4-8 - Change in Directors and/or Officers
(Resignation/Removal or Appointment/Election)
References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Results of the Board of Directors Meeting on 06 November 2024
Background/Description of the Disclosure

Please be informed that during its regular meeting held this afternoon, 06 November 2024, the Board of Directors of China Banking Corporation (“Chinabank”) took up and noted/approved, confirmed and/or ratified the following matters:

1. Retirement of Mr. JOSE L. OSMEÑA, JR. and Ms. CLARA C. SY, Executive Vice Presidents and Co-Segment Heads of Retail Banking Business Segment (RBBS), effective at the close of business on 31 December 2024.

2. Appointment of Mr. GERARDO SUSMERANO with a rank of EXECUTIVE VICE PRESIDENT. He will take on the roles of: (a) Retail Banking Executive, effective from 11 November 2024 up to 31 December 2024; and (b) Co-Segment Head of RBBS for National Capital Region and Luzon, effective 01 January 2025 onwards.

Mr. Susmerano, 60, has more than three (3) decades of extensive experience in retail banking gained largely from East West Banking Corporation, where he served as Senior Executive Vice President and Cluster Head for Retail Banking and Operations, and from International Exchange Bank as Senior Vice President and Division / Business Head. He has led major change initiatives for retail business, boosting revenue, market share and organizational effectiveness and efficiency. He is an innovative, hands-on leader focused on customer service, profitability, process improvement and expansion. He also previously worked for SyCip Gorres Velayo & Co., Citytrust Banking Corporation and Solidbank Corporation. A Certified Public Accountant, Mr. Susmerano obtained his Bachelor of Science in Accountancy from the University of Sto. Tomas, and a Master’s degree in Business Management from the Asian Institute of Management.

3. Appointment of Mr. STEPHEN Y. TAN, Senior Vice President and currently Head of RBBS - Visayas Region, as Co-Segment Head of RBBS for Visayas and Mindanao, effective 01 January 2025.

4. Reorganization of Information Technology Steering Committee, a Board-level committee, to include Messrs. Gerardo Susmerano and Stephen Y. Tan as members, replacing Mr. Jose L. Osmeña, Jr. and Ms. Clara C. Sy, effective 01 January 2025.

5. Promotion of the following senior officers, effective 16 November 2024:

a. Mr. GERALD O. FLORENTINO – Investor and Corporate Relations Group Head, from FIRST VICE PRESIDENT I to FIRST VICE PRESIDENT II.

b. Ms. THERESE G. ESCOLIN – Cluster Head for Wealth Management Group’s Makati Hub, from VICE PRESIDENT II to FIRST VICE PRESIDENT I.

6. Hiring of Mr. RYAN MARTIN L. TAPIA as Subsidiary President with a rank of EXECUTIVE VICE PRESIDENT, and his secondment as President of Chinabank subsidiary, China Bank Capital Corporation, retaining his Executive Vice President corporate rank, both effective 01 January 2025.

Mr. Tapia, 48, has more than 20 years of investment and banking experience, having handled key executive positions at J.P. Morgan, Standard Chartered Bank, Citigroup Global Markets, Goldman Sachs Asia LLC, and East West Banking Corporation, among others. At present, he is also the Chairman of the Board of the following Chinabank group subsidiaries: CBC Assets One (SPC), Inc., Resurgent Capital (FISTC-AMC) Inc. and China Bank Securities Corporation. Mr. Tapia holds a Bachelor of Science in Business Administration degree from the Fordham University, and a Master’s degree in Business Administration from The Wharton School of the University of Pennsylvania.
Resignation/Removal or Replacement
Name of Person Position/Designation Effective Date of Resignation/Cessation of term
(mmm/dd/yyyy)		 Reason(s) for Resignation/Cessation
Jose L. Osmeña, Jr. Executive Vice President and Co-Segment Head of Retail Banking Business Segment (RBBS); Member of Information Technology Steering Committee (ITSC) 12/31/2024 Retirement
Clara C. Sy Executive Vice President and Co-Segment Head of RBBS; Member of ITSC 12/31/2024 Retirement
Election or Appointment
Name of Person Position/Designation Date of Appointment/Election
(mmm/dd/yyyy)		 Effective Date of Appointment Election
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
Gerardo Susmerano Executive Vice President and Retail Banking Executive 11/06/2024 11/11/2024 to 12/31/2024 0 0 -
Gerardo Susmerano Executive Vice President and Co-Segment Head of RBBS for National Capital Region and Luzon; Member of ITSC 11/06/2024 01/01/2025 0 0 -
Stephen Y. Tan Senior Vice President and Co-Segment Head of RBBS for Visayas and Mindanao; Member of ITSC 11/06/2024 01/01/2025 4,046 0 -
Ryan Martin L. Tapia Executive Vice President and Subsidiary President; and Secondment as President of Chinabank subsidiary, China Bank Capital Corporation 11/06/2024 01/01/2025 300 0 -
Promotion or Change in Designation
Name of Person Position/Designation Date of Approval
(mmm/dd/yyyy)		 Effective Date of Change
(mmm/dd/yyyy)		 Shareholdings in the Listed Company Nature of Indirect Ownership
From To Direct Indirect
Gerald O. Florentino First Vice President I First Vice President II 11/06/2024 11/16/2024 10,000 0 -
Therese G. Escolin Vice President II First Vice President I 11/06/2024 11/16/2024 7,692 0 -
Other Relevant Information

Please see attached report. Thank you.
Filed on behalf by:
Name LEILANI ELARMO
Designation CORPORATE SECRETARY