Agricultural Bank of China to hold ESM, proposes board changes, dividend, and bond plans

Agricultural Bank of China Limited has called for its 2025 Second Extraordinary Shareholders' Meeting (ESM) on Friday, 28 November 2025, to address several key proposals. Shareholders will vote on the election of Liu Hong as an executive director and Zhang Hongwu as a non-executive director. Also up for re-election are Zhang Qi and Wang Changyun as non-executive and independent non-executive directors, respectively. These appointments are subject to ESM approval and NFRA ratification.

Additionally, the ESM will consider the interim profit distribution plan for 2025, which proposes a cash dividend of RMB1.195 per ten shares (tax inclusive). This amounts to a total of RMB41,823 million from the RMB139,510 million net profit. Holders of H Shares will have the option to receive dividends in RMB or Hong Kong dollars.

Further resolutions include a financial bonds issuance plan for up to RMB337.0 billion and a quota for capital instruments and total loss-absorbing capacity non-capital bonds of up to RMB500.0 billion. These plans demonstrate the Bank's strategic moves to enhance its financial strength and funding sources. The board recommends shareholders vote in favor of all resolutions.