Are the new employees of Bank of Communications International Trust Co., Ltd. Bank of Communications employees?

The new employee of Bank of Communications International Trust Co., Ltd. is not an employee of Bank of Communications. Bank of Communications International Trust Co., Ltd. is a wholly-owned subsidiary of Bank of Communications, which belongs to Bank of Communications Group. Although Bank of Communications International Trust Co., Ltd. is an affiliated company of Bank of Communications, new employees will directly sign labor contracts with Bank of Communications International Trust Co., Ltd. in terms of legal and employment relations, and will not directly become employees of Bank of Communications. Therefore, in this case, the new employees of Bank of Communications International Trust Co., Ltd. are not employees of Bank of Communications.