On November 29, 2024, the agricultural bank of china held the third extraordinary general meeting of shareholders for 2024 in peking. At the meeting, ordinary shareholders held a total of 303 billion shares, accounting for 86.59% of the total voting shares. The meeting adopted both on-site and online voting methods, in accordance with relevant laws, regulations, and the articles of association. All ordinary and special resolutions were passed, including the re-election of Wu Liansheng and Liu Xiaopeng as directors and the mid-term profit distribution plan for 2024. The meeting decided to distribute a mid-term cash dividend for 2024, with a distribution of 1.164 yuan (including tax) for every 10 shares of ordinary stock, payable in yuan or equivalent Hong Kong dollars. Cash dividends for H...Show More

On November 29, 2024, the agricultural bank of china held the third extraordinary general meeting of shareholders for 2024 in peking. At the meeting, ordinary shareholders held a total of 303 billion shares, accounting for 86.59% of the total voting shares. The meeting adopted both on-site and online voting methods, in accordance with relevant laws, regulations, and the articles of association. All ordinary and special resolutions were passed, including the re-election of Wu Liansheng and Liu Xiaopeng as directors and the mid-term profit distribution plan for 2024. The meeting decided to distribute a mid-term cash dividend for 2024, with a distribution of 1.164 yuan (including tax) for every 10 shares of ordinary stock, payable in yuan or equivalent Hong Kong dollars. Cash dividends for H shares will be distributed no later than January 24, 2025, while A share dividends will be distributed on January 8, 2025. Regarding the tax matters related to the dividend distribution, individual shareholders of H shares will be subject to a 10% withholding tax rate, and individual investors in mainland China investing in H shares through the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect will be subjected to a 20% withholding tax rate. This extraordinary general meeting was presided over by Mr. Gu Shu and witnessed by the Beijing office of King & Wood Mallesons, confirming that the meeting procedures and voting results were legal and valid. The agricultural bank of china advises shareholders to consult a tax advisor to understand the tax implications of holding and disposing of H shares.