Bank of Communications shareholders approve H1 2024 dividend and new director

Bank of Communications (SSE: 601328) shareholders approved the semi-annual dividend plan and the election of a new non-executive director at the second extraordinary general meeting held on December 27, 2024. Over 99% of participating shareholders, representing 70.27% of total voting shares, voted in favor of the resolutions. The meeting, chaired by Vice Chairman Zhang Baojiang, saw attendance from 10 out of 18 directors and 5 out of 8 supervisors. Shareholders also approved proposals related to capital instrument issuance, total loss-absorbing capacity (TLAC) non-capital bond issuance, and 2023 director and supervisor remuneration plans. The meeting was deemed legally valid by attending legal counsel from Shanghai Jincheng Tongda & Neal Law Firm.