ICBC board proposes Yang's re-election, approves finance plan

The Industrial and Commercial Bank of China (ICBC) [HKEX:1398] announced the resolutions from its recent board of directors meeting, which took place on February 14, 2025. A key proposal involved nominating Mr. Dong Yang for re-election as a non-executive director, which was approved with 13 valid votes in favor. The board also approved the Inclusive Finance Business Operation Plan for 2025 and the Fixed Asset Investment Budget for 2025, each receiving unanimous approval from all 14 directors eligible to vote. Both proposals will be submitted to the Shareholders' General Meeting for consideration. The board noted that Mr. Yang's existing term expired in January 2025, making him eligible for re-election under relevant regulations. Details of Mr. Yang's biography were included in the report.