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AGRICULTURAL BANK OF CHINA LIMITED
中 國 農 業 銀 行 股 份 有 限 公 司
(a joint stock company incorporated in the People's Republic of China with limited liability)
(Stock Code: 1288)
ANNOUNCEMENT ON THE RESOLUTION OF
THE BOARD OF DIRECTORS
The board of directors (the "Board") of Agricultural Bank of China Limited (the "Bank") issued a written notice of a meeting on 11 December 2020 (the "Meeting") and held the Meeting onsite in Beijing on 25 December 2020. 13 directors were entitled to attend and all of them attended the Meeting. Mr. ZHOU Mubing and Mr. LIU Shouying, due to other work arrangements, designated Mr. ZHANG Qingsong and Mr. WANG Xinxin, respectively, in writing as their proxies to attend the Meeting and vote on their behalf. The Meeting was convened in compliance with the applicable laws and regulations, the articles of association of the Bank and the rules of procedure of the Board.
Mr. ZHANG Qingsong, the vice chairman of the Board, presided over the Meeting. The following proposal was considered and approved at the Meeting:
Changes in the Special Committees of the Board
Voting result: 13 valid votes, including 13 votes in favour, 0 vote against and 0 vote abstained.
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The Board has resolved and approved the following changes in the special committees of the Board:
Name of Special Committee | Changes |
The Related Party Transactions | The Related Party Transactions Management Committee |
Management Committee | will be re-designated from a sub-committee to the Risk |
Management/Consumers' Interest Protection Committee to a | |
committee under the Board | |
The County Area Banking | The name will be changed to "The County Area Banking |
Business/Inclusive Finance | Business and Inclusive Finance Development Committee" |
Development Committee | |
The Audit and Compliance | The name will be changed to "The Audit and Compliance |
Committee | Committee" (Note: Such change will only reflect in its |
Chinese name) | |
The Risk Management/Consumers' | The name will be changed to "The Risk Management and |
Interest Protection Committee | Consumers' Interest Protection Committee" |
The Strategic Planning Committee | 1. The name will be changed to "The Strategic Planning and |
Sustainable Development Committee"; and | |
2. Duties of which will be added by including "formulate | |
the sustainable development strategies and goals of | |
the Bank and regularly assess the risks associated with | |
sustainable development and the implementation of the | |
sustainable development strategies" | |
Save for the aforesaid changes, other compositions of the committees mentioned above will remain unchanged.
By Order of the Board
Agricultural Bank of China Limited
HAN Guoqiang
Company Secretary
Beijing, the PRC
25 December 2020
As at the date of this announcement, the executive directors are Mr. ZHOU Mubing, Mr. ZHANG Qingsong and Mr. ZHANG Xuguang; the non-executive directors are Mr. ZHU Hailin, Mr. LIAO Luming, Mr. LI Qiyun, Mr. LI Wei and Mr. WU Jiangtao; and the independent non-executive directors are Ms. XIAO Xing, Mr. WANG Xinxin, Mr. HUANG Zhenzhong, Ms. LEUNG KO May Yee, Margaret and Mr. LIU Shouying.
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Agricultural Bank of China Ltd. published this content on 25 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2020 00:52:07 UTC