4. Payment Time and Method
The Bank will pay the holders of the Preference Shares on 23 November 2020 the nominal value of such Preference Shares and the dividends accrued for the holding period from 21 November 2019 to 20 November 2020.
5. Redemption Procedures
The 2013 Annual General Meeting of the Bank has considered and approved the Proposal regarding the Non-publicIssuance of Domestic Preference Shares of the Bank, authorising the Board of Directors of the Bank to decide on redemption of the Preference Shares during the redemption term according to market conditions and other factors, and handling, with full authority, all the matters relating to redemption with approval of the CBIRC. The Board of Directors of the Bank approved the Proposal on Exercising the Redemption Right of the Domestic Preference Shares (First and Second Tranche) on 30 August 2020. The Bank has received a reply letter from the CBIRC recently, pursuant to which, no objections were raised by the CBIRC for the Bank to redeem the Domestic Preference Shares (First and Second Tranche).
The Board of Directors of
Bank of China Limited
23 September 2020
As at the date of this announcement, the directors of the Bank are: Liu Liange, Wang Jiang, Wang Wei, Lin Jingzhen, Zhao Jie*, Xiao Lihong*, Wang Xiaoya*, Zhang Jiangang*, Chen Jianbo*, Wang Changyun#, Angela Chao#, Jiang Guohua#, Martin Cheung Kong Liao#, Chen Chunhua# and Chui Sai Peng Jose#.
* Non-executive Directors
#Independent Non-executive Directors