The Bank of China held its first Board of Directors in 2024 on 26 January 2024 in Beijing. The meeting was chaired by Chairman Ge Haijiao, and all 14 directors attended in person. The Conference examined and approved eight motions including the 2024 fixed asset investment budget, the total loss absorbing capacity non-capital debt instrument issuance quota and the issuance arrangements. Among them, the Board of Directors agreed to issue an amortized Total Loss Absorption Capacity Non-Capital Debt Instrument of not more than RMB 1,500 billion and submit the matter to the General Meeting for approval. In addition, Mr. Zhang Yi, Ms. LU Xiaowei and Ms. Liu Xiaolei have been nominated as Executive Director, Non-Executive Director and Independent Non-Executive Director nominees, respectively...Show More

The Bank of China held its first Board of Directors in 2024 on 26 January 2024 in Beijing. The meeting was chaired by Chairman Ge Haijiao, and all 14 directors attended in person. The Conference examined and approved eight motions including the 2024 fixed asset investment budget, the total loss absorbing capacity non-capital debt instrument issuance quota and the issuance arrangements. Among them, the Board of Directors agreed to issue an amortized Total Loss Absorption Capacity Non-Capital Debt Instrument of not more than RMB 1,500 billion and submit the matter to the General Meeting for approval. In addition, Mr. Zhang Yi, Ms. LU Xiaowei and Ms. Liu Xiaolei have been nominated as Executive Director, Non-Executive Director and Independent Non-Executive Director nominees, respectively, and will be submitted to the General Meeting for consideration. Mr. Cheung Cheng Wen has been appointed as Secretary to the Board and Company Secretary, whose duties will take effect upon approval by the State Administration of Financial Supervision. THE MEETING ALSO DECIDED TO HOLD THE FIRST EXTRAORDINARY GENERAL MEETING IN 2024 TO SUBMIT THE ABOVEMENTIONED MOTION FOR APPROVAL BY THE GENERAL MEETING.