Agricultural Bank of China board approves bond issuances, director nominations

The Agricultural Bank of China Limited's board of directors met on October 30, 2025, in Beijing, approving several key proposals. All 13 directors were entitled to attend, with 12 present in person; chairman GU Shu designated vice chairman WANG Zhiheng as proxy. The board unanimously approved the bank's financial bonds issuance plan and the issuance quota of capital instruments and total loss-absorbing capacity non-capital bonds. These proposals will proceed to the shareholders' meeting for final approval.

The board also addressed director nominations. Mr. WANG Changyun was nominated as an independent non-executive director candidate, with 12 valid votes in favour, following his abstention due to conflict of interest. Similarly, Mr. ZHANG Qi was nominated as a non-executive director candidate, also with 12 votes in favour after his abstention. Mr. ZHANG Hongwu was nominated as a non-executive director candidate with all 13 valid votes in favour. All nominations will be submitted to the shareholders' meeting for consideration and approval.

Additionally, the board resolved to elect Mr. LIU Hong as a member of the strategic planning and sustainable development committee and the county area banking business and inclusive finance development committee. The bank also proposed convening its 2025 second extraordinary shareholders' meeting on Friday, November 28, 2025, in Beijing.