China Minsheng Banking : Announcement on Resolutions of the 8th Meeting of the 8th Session BOS

Announcement on Resolutions of the 8th Meeting of the 8th Session BOS

29 March 2022

The 8th meeting of the 8th session of the Board of Supervisors of the Bank was held in Beijing on 29 March 2022. The meeting notice, meeting documents and supplementary meeting notice and meeting documents were sent out by email on 18 March 2022 and 26 March 2022, respectively. The meeting was convened and presided over by Chairman of the Board of Supervisors Zhang Juntong. All the 9 Supervisors who were entitled to attend the meeting attended the meeting. 3 Supervisors, being Chairman of the Board of Supervisors Zhang Juntong, Vice Chairman Yang Yu and Supervisor Gong Zhijian, attended the meeting in person; 6 Supervisors, being Lu Zhongnan, Zhao Huan John, Li Yu, Wang Yugui, Zhao Fugao and Zhang Liqing, attended the meeting by teleconference/video conference. The convention and procedures of the meeting complied with the rules and regulations under the Company Law of the PRC and the Articles of Association of the Bank. The resolutions made through voting are legal and effective.

The following resolutions were discussed and passed at the meeting:

I. Resolution on the 2021 Annual Report of the Bank (Text and Abstract)

In compliance with the relevant regulations, the meeting resolved to provide the following opinions on the 2021 Annual Report (Text and Abstract):

1. The preparation and review process of the 2021 Annual Report and its abstract complied with the relevant laws, administrative rules, regulatory documents and the Articles of Association of the Bank.

2. The Bank operated in strict compliance with the accounting standards and accounting system for business enterprises and the accounting system for financial enterprises. The 2021 Annual Report and its abstract fairly reflected the financial position and operating performance of the Bank for the year.

3. The 2021 Financial Statements of the Bank, audited by the certified public accountants of PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers in accordance with the Chinese Auditing Standards and the International Standards on Auditing are true, is objective and fair.

4. No breach of confidentiality regulations by the persons involved in the preparation and review of the annual was identified before this opinion was issued.

The 2021 Annual Report of the Bank will be submitted to the shareholders' general meeting for review.

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

II. Resolution on the 2021 Report on Final Accounts of the Bank (Draft)

The above proposal will be submitted to the shareholders' general meeting for review.

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

III. Resolution on the 2022 Financial Budget Report of the Bank (Draft)

The above proposal will be submitted to the shareholders' general meeting for review.

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

IV. Resolution on the 2021 Profit Distribution Plan of the Bank

The above proposal will be submitted to the shareholders' general meeting for review.

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

V. Resolution on the 2021 Work Report of the Board of Supervisors of the Bank (Draft)

The above proposal will be submitted to the shareholders' general meeting for review.

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

VI. Resolution on the 2021 Duty Performance Evaluation Report on the Board and the Directors by the Board of Supervisors of the Bank (Draft)

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

VII. Resolution on the 2021 Duty Performance Evaluation Report on the Board of Supervisors and Its Members of the Bank (Draft)

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

VIII. Resolution on the 2021 Evaluation Report on Duty Performance of the Senior Management and Its Members by the Board of Supervisors of the Bank (Draft)

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

IX. Resolution on the 2021 Evaluation Opinions on Due Diligence of Senior Managerial Personnel by the Board of Supervisors of the Bank

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

X. Resolution on the 2021 Supervisors' Remuneration Report of the Bank

The above proposal will be submitted to the shareholders' general meeting for review.

Voting results:

Remuneration of Zhang Juntong for 2021: Affirmative: 8 votes; Negative: 0 vote; Abstention: 0 vote; Zhang Juntong abstained from the voting.

Remuneration of Yang Yu for 2021: Affirmative: 8 votes; Negative: 0 vote; Abstention: 0 vote; Yang Yu abstained from the voting.

Remuneration of Lu Zhongnan for 2021: Affirmative: 8 votes; Negative: 0 vote; Abstention: 0 vote; Lu Zhongnan abstained from the voting.

Remuneration of Zhao Huan John for 2021: Affirmative: 8 votes; Negative: 0 vote; Abstention: 0 vote; Zhao Huan John abstained from the voting.

Remuneration of Li Yu for 2021: Affirmative: 8 votes; Negative: 0 vote; Abstention: 0 vote; Li Yu abstained from the voting.

Remuneration of Wang Yugui for 2021: Affirmative: 8 votes; Negative: 0 vote; Abstention: 0 vote; Wang Yugui abstained from the voting.

Remuneration of Zhao Fugao for 2021: Affirmative: 8 votes; Negative: 0 vote; Abstention: 0 vote; Zhao Fugao abstained from the voting.

Remuneration of Zhang Liqing for 2021: Affirmative: 8 votes; Negative: 0 vote; Abstention: 0 vote; Zhang Liqing abstained from the voting.

Remuneration of Gong Zhijian for 2021: Affirmative: 8 votes; Negative: 0 vote; Abstention: 0 vote; Gong Zhijian abstained from the voting.

Remuneration of Guo Dong for 2021: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

Remuneration of Li Jian for 2021: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

XI. Resolution on the 2021 Internal Control Assessment Report of the Bank

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

XII. Resolution on the 2021 Social Responsibility Report of the Bank

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

XIII. Resolution on the 2021 Environmental, Social and Governance Report of the Bank

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

XIV. Resolution on Re-Appointing Audit Firms and Their Remunerations for 2022

The above proposal will be submitted to the shareholders' general meeting for review.

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

XV. Resolution on Revising the Articles of Association of the Bank

The above proposal will be submitted to the shareholders' general meeting for review.

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

XVI. Resolution on Revising the Rules of Procedure of the Board of Supervisors of the Bank

The above proposal will be submitted to the shareholders' general meeting for review.

Voting result: Affirmative: 9 votes; Negative: 0 vote; Abstention: 0 vote.

Board of Supervisors

China Minsheng Banking Corporation Limited

(Please note that this is the English translation of the announcement in Chinese. Should there be any discrepancy between the English translation and the Chinese version, the Chinese version prevails.)