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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  China Minsheng Banking Corp., Ltd.    600016   CNE0000015Y0

CHINA MINSHENG BANKING CORP., LTD.

(600016)
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China Minsheng Banking : POLL RESULTS OF EXTRAORDINARY GENERAL MEETING CONVENED ON 16 OCTOBER 2020; CHANGE OF S…

10/18/2020 | 08:46pm EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

中 國 民 生 銀 行 股 份 有 限 公 司

CHINA MINSHENG BANKING CORP., LTD.

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 01988)

(USD Preference Shares Stock Code: 04609)

POLL RESULTS OF EXTRAORDINARY GENERAL MEETING

CONVENED ON 16 OCTOBER 2020

CHANGE OF SESSION OF THE BOARD OF DIRECTORS CHANGE OF SESSION OF THE BOARD OF SUPERVISORS

References are made to the notice (the "Notice") and the circular (the "Circular") both dated 31 August 2020 of the second extraordinary general meeting for 2020 (the "EGM") of China Minsheng Banking Corp., Ltd. (the "Company").

The board of directors (the "Board" or "Board of Directors") of the Company is pleased to announce the poll results of the EGM held at 2:00 p.m. on Friday, 16 October 2020 at Conference Room No. 3, 1/F, Minsheng Bank East Gate, No. 28 Xirongxian Lane, Xicheng District, Beijing, the PRC.

For details of the resolutions considered at the EGM, Shareholders may refer to the Notice and the Circular. The Notice and the Circular can be downloaded from the websites of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") (www.hkexnews.hk) and the Company (www.cmbc.com.cn). Unless otherwise defined in this announcement, capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

1. CONVENING AND ATTENDANCE OF THE EGM

  1. Convening of the EGM
    The EGM was held as on-site meeting at 2:00 p.m. on Friday, 16 October 2020 at Conference Room No. 3, 1/F, Minsheng Bank East Gate, No. 28 Xirongxian Lane, Xicheng District, Beijing, the PRC.

1

The EGM was convened by the Board and chaired by Gao Yingxin, the Chairman of the Board. Certain Directors, supervisors and senior management of the Company attended the EGM, which complied with the requirements of the Company Law of the PRC, the Hong Kong Listing Rules and the Articles of Associations.

  1. Attendance of the EGM Attendance of the EGM
    The total number of the issued Shares of the Company as at the meeting record date was 43,782,418,502, which was the total number of Shares entitling the holders to attend and vote on the resolutions proposed at the EGM. No Shareholders were required to abstain from voting in favour when casting votes on any of the resolutions at the EGM according to Rule 13.40 of the Hong Kong Listing Rules. No Shareholders were required to abstain from voting according to the Hong Kong Listing Rules. Moreover, no Shareholders indicated their intention to vote against or abstain from voting on the relevant resolutions contained in the Circular. A total of 159 Shareholders with voting rights and authorized proxies, holding an aggregate of 24,217,558,860 Shares which represented 55.313433% of the total number of Shares with voting rights, were present at the EGM or participated in the online voting. Among those Shareholders, there were 154 holders of A Shares and authorized proxies, holding 20,448,351,321 A Shares which represented 46.704481% of the total number of Shares with voting rights of the Company, and 5 holders of H Shares and authorized proxies, holding 3,769,207,539 H Shares which represented 8.608952% of the total number of Shares with voting rights of the Company.

2. VOTING RESULTS OF THE EGM

Computershare Hong Kong Investor Services Limited, the H share registrar of the Company, two representatives from the Shareholders and a supervisor of the Company, and Zhang Lixin and Zhong Chonglu, lawyers from Grandall Law Firm (Beijing) were appointed as the scrutineers for the voting of the EGM.

2

The Shareholders present at the EGM considered and approved the following resolutions by way of open poll via a combination of on-site and online voting, and the voting results are as follows:

Number of votes cast and percentage

of total number of votes cast

ORDINARY RESOLUTIONS

For

Against

Abstain

Number of

Number of

Number of

Shares

Shares

Shares

(percentage)

(percentage)

(percentage)

1.

The resolution regarding the election

of directors of the eighth session of the

Board of the Company

1.01 To consider and approve the

23,935,631,162

281,801,678

126,020

appointment of Mr. Zhang

(98.835854%)

(1.163626%)

(0.000520%)

Hongwei as the non-executive

director of the Company

As more than half of the valid votes were cast in favor of the resolution by the Shareholders (including authorized proxies) attending the EGM, this ordinary resolution was duly passed.

1.02 To consider and approve the

24,041,210,204

176,220,236

128,420

appointment of Mr. Lu Zhiqiang

(99.271815%)

(0.727655%)

(0.000530%)

as the non-executive director of

the Company

As more than half of the valid votes were cast in favor of the resolution by the Shareholders (including authorized proxies) attending the EGM, this ordinary resolution was duly passed.

1.03 To consider and approve the

23,944,865,381

272,566,859

126,620

appointment of Mr. Liu Yonghao

(98.873984%)

(1.125493%)

(0.000523%)

as the non-executive director of

the Company

As more than half of the valid votes were cast in favor of the resolution by the Shareholders (including authorized proxies) attending the EGM, this ordinary resolution was duly passed.

1.04 To consider and approve the

23,945,175,075

272,259,565

124,220

appointment of Mr. Shi Yuzhu as

(98.875263%)

(1.124224%)

(0.000513%)

the non-executive director of the

Company

As more than half of the valid votes were cast in favor of the resolution by the Shareholders (including authorized proxies) attending the EGM, this ordinary resolution was duly passed.

3

Number of votes cast and percentage

of total number of votes cast

ORDINARY RESOLUTIONS

For

Against

Abstain

Number of

Number of

Number of

Shares

Shares

Shares

(percentage)

(percentage)

(percentage)

1.

1.05 To consider and approve the

24,041,450,884

175,977,756

130,220

appointment of Mr. Wu Di as

(99.272809%)

(0.726653%)

(0.000538%)

the non-executive director of the

Company

As more than half of the valid votes were cast in favor of the resolution by the Shareholders (including authorized proxies) attending the EGM, this ordinary resolution was duly passed.

1.06 To consider and approve the

23,587,302,822

630,129,518

126,520

appointment of Mr. Song

(97.397524%)

(2.601954%)

(0.000522%)

Chunfeng as the non-executive

director of the Company

As more than half of the valid votes were cast in favor of the resolution by the

Shareholders (including authorized proxies) attending the EGM, this ordinary

resolution was duly passed.

1.07 To consider and approve the

23,585,848,422

631,583,918

126,520

appointment of Mr. Weng Zhenjie

(97.391519%)

(2.607959%)

(0.000522%)

as the non-executive director of

the Company

As more than half of the valid votes were cast in favor of the resolution by the

Shareholders (including authorized proxies) attending the EGM, this ordinary

resolution was duly passed.

1.08 To consider and approve the

23,979,195,735

238,236,605

126,520

appointment of Mr. Zhao Peng as

(99.015743%)

(0.983735%)

(0.000522%)

the non-executive director of the

Company

As more than half of the valid votes were cast in favor of the resolution by the

Shareholders (including authorized proxies) attending the EGM, this ordinary

resolution was duly passed.

1.09 To consider and approve the

24,079,262,221

138,170,119

126,520

appointment of Mr. Yang

(99.428941%)

(0.570537%)

(0.000522%)

Xiaoling as the non-executive

director of the Company

As more than half of the valid votes were cast in favor of the resolution by the Shareholders (including authorized proxies) attending the EGM, this ordinary resolution was duly passed.

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

CMBC - China Minsheng Banking Corporation Ltd. published this content on 16 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 00:34:03 UTC


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Financials
Sales 2020 192 B 29 144 M 29 144 M
Net income 2020 47 162 M 7 162 M 7 162 M
Net Debt 2020 - - -
P/E ratio 2020 4,93x
Yield 2020 5,92%
Capitalization 216 B 32 774 M 32 744 M
Capi. / Sales 2020 1,12x
Capi. / Sales 2021 1,05x
Nbr of Employees 58 933
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Mean consensus HOLD
Number of Analysts 14
Average target price 5,50 CNY
Last Close Price 5,23 CNY
Spread / Highest target 37,1%
Spread / Average Target 5,12%
Spread / Lowest Target -33,1%
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Wan Chun Zheng Vice Chairman & President
Jun Tong Zhang Chairman-Supervisory Board
Ying Xin Gao Chairman
Dan Bai Chief Financial Officer & Corporate Secretary
Yong Hao Liu Vice Chairman
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