Bank of China shareholders approve key resolutions

Bank of China held its third extraordinary general meeting of shareholders on December 20, 2024. Shareholders voted on several key resolutions, including the approval of the 2023 compensation plans for the Chairman and Executive Directors, the 2023 compensation plan for the Supervisor, the 2024 interim dividend plan, and the election of new directors. All resolutions passed with over 99% of the votes. The meeting saw strong attendance, with shareholders representing 80.09% of the total voting shares present either in person or via online voting. The election of Zhang Hui as Executive Director, Huang Binghua as Non-executive Director, Jean-Louis Ekra as Independent Non-executive Director, Zhang Ran as Independent Non-executive Director, and Li Zimin as Non-executive Director were also approved. The terms of the newly elected directors will begin upon regulatory approval.