[ICBC Wealth Management Co., Ltd.’s former Deputy Party Secretary and Chief Supervisor Xu Hai’s first-instance verdict in the bribery case] September 8th, according to the “Guizhou High Court” WeChat official account, on September 8, 2026, the Liupanshui Intermediate People’s Court of Guizhou Province publicly pronounced the first-instance verdict on ICBC In the case of Xu Hai, the former deputy secretary of the party committee and chief supervisor of the Financial Management Co., Ltd., the defendant Xu Hai was sentenced to ten years and six months in prison for accepting bribes and fined RMB 1 million. Xu Hai's bribery income and interest were recovered in accordance with the law and turned over to the state treasury. After trial, it was found that from 2000 to 2020, the defendant Xu Haili served as a member of the Party Committee and Vice President of the Yunnan Branch of the Industrial and Commercial Bank of China Co., Ltd., the Party Committee Secretary and President of the Gansu Branch of the Industrial and Commercial Bank of China Co., Ltd., and the President of the Industrial and Commercial Bank of China Co., Ltd. He used his position as Secretary of the Party Committee and President of the Yunnan Branch of Commercial Bank Co., Ltd. to provide assistance to relevant units and personnel in obtaining bank loans and undertaking engineering projects, and illegally received property equivalent to more than 12.08 million yuan. The Liupanshui Intermediate People's Court held that defendant Xu Hai's behavior constituted the crime of accepting bribes, and the amount of bribes he accepted was extremely large and should be punished in accordance with the law. In view of the fact that Xu Hai truthfully confessed his crime after returning to the case, took the initiative to explain some bribery facts that were not known by the case-handling agency, confessed his guilt and repented, and actively returned the stolen goods, he has legal and discretionary circumstances for lenient punishment, and he can be given a lighter punishment according to law. The court then made the above judgment. It is reported that the Liupanshui Intermediate People's Court recently held a public hearing on the case. During the trial, the procuratorate presented relevant evidence, and the defendant Xu Hai and his defender conducted cross-examination. The prosecution and defense fully expressed their opinions under the auspices of the court. Xu Hai made a final statement and expressed his guilt and repentance in court. People from all walks of life attended the trial.