ICBC shareholders elect new director, re-elect independent directors

Industrial and Commercial Bank of China (ICBC) held its first extraordinary general meeting of shareholders in 2025 on October 16, 2025, in Beijing. The meeting saw the election of Mr. Duan Hongtao as an executive director and the re-election of Mr. Chen Deming and Mr. Li Jinhong as independent non-executive directors. All resolutions were passed as ordinary resolutions, requiring over half of the valid votes from attending shareholders.

A total of 5,360 shareholders and authorized representatives, holding 303.9 bn shares with voting rights, attended the meeting. This represented 85.2801% of the bank's total shares with voting rights. The vote for Mr. Duan Hongtao's election as executive director received 300.07 bn votes in favor, representing 98.7263% of the total votes.

The re-election of Mr. Chen Deming as an independent non-executive director secured 299.47 bn votes (98.5308%), while Mr. Li Jinhong’s re-election received 303.46 bn votes (99.8422%). The appointments of the independent directors are effective from the date of shareholder approval, subject to regulatory approval by the National Financial Regulatory Administration.