ABC approves key proposals at shareholder meeting

Agricultural Bank of China (ABC) announced the successful passage of key resolutions at its 2025 first extraordinary general meeting of shareholders held on February 21, 2025. A total of 5,004 shareholders and proxies, representing 302,694,242,123 shares, were in attendance. Shareholders approved the election of Zhang Qi as an independent director. Additionally, the proposal regarding the bank's capital instruments and total loss-absorbing capacity (TLAC) non-capital bonds plan received overwhelming support. The legal counsel has certified that resolutions were legally compliant and effective.