Bank of China shareholders approve executive pay and board changes

Bank of China (SSE:601988) shareholders voted overwhelmingly to approve executive compensation and board changes at the third extraordinary general meeting held on December 20, 2024. Over 80% of shareholders, representing 235,765,928,050 shares, participated in the meeting, either in person or via online voting. The 2023 compensation packages for the Chairman and Executive Director were approved with over 99.97% of the vote. Shareholders also approved the election of Mr. Zhang Hui as Executive Director, the re-election of Mr. Huang Binghua as Non-executive Director, the re-election of Mr. Jean-Louis Ekra as Independent Non-executive Director, and the election of Ms. Zhang Ran as Independent Non-executive Director. The meeting's legality and validity were confirmed by Beijing King & Wood Mallesons law firm in a legal opinion.