ICBC shareholders approve director appointments at ESM

Industrial and Commercial Bank of China (ICBC) announced the poll results of its First Extraordinary Shareholders' Meeting (ESM) of 2025, held on October 16, 2025, in Beijing. A total of 303,943,465,807 shares, representing 85.2801% of the total voting rights, were present. Shareholders approved the appointment of Duan Hongtao as an executive director and re-elected Norman Chan Tak Lam and Lee Kam Hung Lawrence as independent directors.

The resolution for Duan Hongtao's appointment passed with 98.7263% of votes in favor. Norman Chan Tak Lam's re-election as independent director garnered 299,477,972,242 votes, representing 98.5308% of valid voting rights. Similarly, Lee Kam Hung Lawrence's appointment as independent director received 303,463,786,921 votes, accounting for 99.8422% of valid voting rights. All proposals were approved by ordinary resolution, exceeding half of the votes held by shareholders present.

King & Wood Mallesons, represented by Su Zheng and Chen Dongxu, certified that the ESM's convening, procedures, and voting results were lawful and valid, conforming to relevant laws and the bank's Articles of Association. The board of directors of ICBC consists of 12 members, all of whom attended the meeting, chaired by Liao Lin.