KASB Bank Limited’s change of director/ chairman

Karachi: We wish to inform you that as voluntarily proposed by Mr. Nasir Au Shah Bukhari, Chairman of the Board of Directors (the Board) of KASB Bank Limited (KASBB) (the Bank), Mr. Suo Lang Duo Ji, Director of Asia International Finance Limited, has been co-opted as a Director and Chairman of the Board of the Bank in plate of Mr. Bukhari.

Mr. Suo Lang Duo Ji, a Chinese national aged 48, popularly known as Mr. Li, is the founder of Hong Kong listed company, China Lumena New Materials Corp. He completed a postgraduate course in Enterprise Administration from Sichuan University in 2001 and a postgraduate course in Management Science and Engineering from University of Electronic Science and Technology of Sichuan in 2004, He is a senior engineer and senior economist. He has also been a part-time professor in the College of Economics and Management of Sichuan Normal University from 2006 and an adjunct professor in Sichuan Fine Arts Institute from 2005, respectively. With vast resources Mr. Li is taking keen investment interests in power projects, mining and setting up of industrial zone in Pakistan besides making investments in venture of KASB group.

Mr. Nasir Ali Shah Bukhari will continue to remain associated with the Bank as Advisor to the Chairman of the Board besides holding the pivotal position of the Chairman of KASB Finance Pvt. Limited, proposed holding company of the Bank.

For more information, contact:
Muhammad Hamidullah
Company Secretary
KASB Bank Limited
Business and Finance Centre,
I.I. Chundrigar Road, Karachi – 74000,
PABX: 92-21-32446005-10
UAN: 021-111-555-666
Fax: 92-21-32446828
Web: www.kasb.com