Bank of Zhengzhou announces AGM, dividend and share mandate

Bank of Zhengzhou (HKEX:6196) has announced it will hold its Annual General Meeting (AGM) on June 27, 2025, to seek shareholder approval for key resolutions, including the 2024 board and supervisor reports, 2024 financial statements, a proposed profit distribution, the 2025 financial budget, re-appointment of auditors, and related party transaction reports. A cash dividend of RMB0.20 (inclusive of tax) per 10 shares is proposed, representing 9.69% of the net profit attributable to shareholders for 2024, and retaining undistributed profits. The bank aims to balance shareholder returns with bolstering its capital base to support future growth and regulatory compliance. The board also seeks a general mandate to issue shares, with the number of new H Shares and/or A Shares not exceeding 20% of the existing issued share capital. The bank reported total assets of RMB676.365 billion and customer deposits of RMB404.538 billion. Gross loans reached RMB387.690 billion, with operating income at RMB12.877 billion and net profit at RMB1.863 billion for the year.