The Board of Directors of the Industrial and Commercial Bank of China (the “Industrial Commercial Bank” or the “Bank”) was held in Beijing on 29 April 2024. The meeting was chaired by Chairman Liao Lin and all 12 directors attended in person. The meeting approved a number of motions including the 2024 interim profit distribution, the nomination of Ms. Zhong Kwan as a non-executive director candidate, and the 2024 first quarter report. Among them, the 2024 interim profit distribution plan is proposed, with a total dividend of no more than 30% of the net profit attributable to the shareholders of the parent company and will be submitted for consideration by the General Meeting. The nomination of Ms. Chung Vang is subject to a vote of the...Show More

The Board of Directors of the Industrial and Commercial Bank of China (the “Industrial Commercial Bank” or the “Bank”) was held in Beijing on 29 April 2024. The meeting was chaired by Chairman Liao Lin and all 12 directors attended in person. The meeting approved a number of motions including the 2024 interim profit distribution, the nomination of Ms. Zhong Kwan as a non-executive director candidate, and the 2024 first quarter report. Among them, the 2024 interim profit distribution plan is proposed, with a total dividend of no more than 30% of the net profit attributable to the shareholders of the parent company and will be submitted for consideration by the General Meeting. The nomination of Ms. Chung Vang is subject to a vote of the General Meeting and the approval of the State Administration of Financial Supervision. In addition, the meeting also passed a motion appointing Mr. Zhang Morikawa as Deputy Director, whose qualifications are subject to approval by the State Administration of Financial Supervision. The holding of meetings and the consideration of motions are in accordance with the relevant laws and regulations and the articles of association.