UCBH Holdings, Inc. (UCBH), the holding company of United Commercial Bank, said it appointed Qingyuan Wan as a new member of the Boards of Directors of UCBH and UCB.
Since October 2007, Wan has served as Director of the Board Office of Minsheng with primary responsibilities for the Board's daily operations and its special committees.
Wan was recommended pursuant to the Investor's Rights and Standstill Agreement dated October 7, 2007, between UCBH and China Minsheng Banking Corp., Ltd., which grants Minsheng the right to recommend one person to be appointed to the Board of Directors of UCBH, after the completion of the Initial Closing of Minsheng's 4.9% investment in UCBH on March 5, 2008.
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