Bank of China board approves 2024 remuneration plans, policy updates

Bank of China's board of directors met on December 19, 2025, approving revisions to its "Information Disclosure Policy" and "Management Rules on the Securities Transactions by Directors and Senior Management Personnel." All 16 attending directors voted in favor of these policy updates.

The board also approved the "Cap on the Consolidated Amount of Routine Connected Transactions" with China CITIC Financial Asset Management Co., Ltd. and China CITIC Financial AMC International Holdings Limited, with 15 directors voting for and Mr. Li Zimin recusing himself. Additionally, the "Remuneration Distribution Plan for Executive Directors in 2024" was approved, with 15 directors in favor and Mr. Ge Haijiao recusing himself.

Furthermore, the "Remuneration Distribution Plan for Senior Management Members in 2024" received approval from 13 directors, with Mr. Zhang Hui, Mr. Liu Jin, and Mr. Cai Zhao recusing themselves due to conflicts of interest. The total confirmed payable remuneration before tax for directors, supervisors, and senior management members in 2024 was RMB14,039,100.