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Stock Code: 1398
EUR Preference Shares Stock Code: 4604
USD Preference Shares Stock Code: 4620
SECOND EXTRAORDINARY GENERAL MEETING OF 2020
HELD ON 26 NOVEMBER 2020
POLL RESULTS
Reference is made to the circular of Industrial and Commercial Bank of China Limited (the "Bank") dated 9 October 2020 (the "Circular"), containing details of the resolutions tabled before the Second Extraordinary General Meeting of 2020 of the Bank (the "EGM") for shareholders' approval.
I. Convening and Attendance of the EGM
The board of directors of the Bank (the "Board") announces that the EGM was held at the head office of the Bank, 55 Fuxingmennei Avenue, Xicheng District, Beijing, PRC on 26 November 2020 at 2:50 p.m..
The total number of shares entitling holders thereof to attend and vote on the resolutions proposed at the EGM was 356,406,257,089 shares. No shareholders of the Bank were entitled to attend but were required to abstain from voting in favour of the proposed resolutions pursuant to Rule 13.40 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and no shareholders were required to abstain from voting at the EGM pursuant to the Listing Rules. 358 holders of shares and authorized proxies holding an aggregate of 304,443,968,907 shares with voting rights, representing 85.4205% of the total number of shares with voting rights of 356,406,257,089, were present at the EGM.
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Number of shareholders and authorized proxies attending the EGM | 358 | |
including: | number of A share holders | 346 |
number of H share holders | 12 | |
Total number of shares with voting rights held by shareholders | ||
attending the EGM | 304,443,968,907 | |
including: | total number of shares held by A share holders | 253,956,463,449 |
total number of shares held by H share holders | 50,487,505,458 | |
Percentage of total shares with voting rights held by shareholders | ||
attending the EGM (%) | 85.4205 | |
including: | percentage of total shares held by A share holders (%) | 71.2548 |
percentage of total shares held by H share holders (%) | 14.1657 | |
Notes:
- Shareholders attending the EGM include those attending the EGM on-site and by way of online voting.
- According to the Articles of Association of the Bank and the circumstances of the EGM, the resolutions of the EGM are not required to be considered and approved by the holders of preference shares of the Bank.
The voting of the EGM was conducted by means of on-site voting and online voting in compliance with the relevant provisions of the Company Law of the People's Republic of China (the "Company Law"), the Rules for the General Assemblies of Shareholders of Listed Companies, the Shanghai Stock Exchange Implementation Rules for Network Voting in the General Assemblies of Shareholders of Listed Companies and laws and regulations and relevant provisions of the Articles of Association of Industrial and Commercial Bank of China Limited (the "Articles of Association"). The EGM was convened by the Board of the Bank and chaired by Mr. Gu Shu, Vice Chairman of the Board and President.
13 of the 13 directors of the Bank attended the EGM. 6 of the 6 supervisors of the Bank attended the EGM. Board Secretary of the Bank, Mr. Guan Xueqing, attended the meeting.
In compliance with the requirements of the Listing Rules, Computershare Hong Kong Investor Services Limited, the Bank's H share registrar, acted as scrutineer for the vote-taking of the EGM.
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II. Voting Results of the EGM
At the EGM, all of the proposals set out in the Notice of the Second Extraordinary General Meeting of 2020 dated 9 October 2020 were resolved by polling. The proposals were voted upon by a combination of on-site and online polling. Poll results in respect of the resolutions proposed at the EGM were as follows:
1. Proposal on the 2021-2023 Capital Planning of ICBC Voting result: approved
Details of votes:
Type of shareholders | For | Against | Abstain | |||
No. of votes | Percentage (%) | No. of votes | Percentage (%) | No. of votes | Percentage (%) | |
A shares | 253,925,394,849 | 99.9878 | 61,000 | 0.0000 | 31,007,600 | 0.0122 |
H shares | 50,447,910,784 | 99.9216 | 518,723 | 0.0010 | 39,075,951 | 0.0774 |
Ordinary shares in total | 304,373,305,633 | 99.9768 | 579,723 | 0.0002 | 70,083,551 | 0.0230 |
2. Proposal on the Issuance of Undated Additional Tier 1 Capital Bonds Voting result: approved
Details of votes:
Type of shareholders | For | Against | Abstain | |||
No. of votes | Percentage (%) | No. of votes | Percentage (%) | No. of votes | Percentage (%) | |
A shares | 253,923,875,649 | 99.9872 | 71,600 | 0.0000 | 32,516,200 | 0.0128 |
H shares | 50,386,610,768 | 99.8002 | 19,520,723 | 0.0387 | 81,373,967 | 0.1611 |
Ordinary shares in total | 304,310,486,417 | 99.9562 | 19,592,323 | 0.0064 | 113,890,167 | 0.0374 |
3. Proposal on the Payment Plan of Remuneration to Directors for 2019 Voting result: approved
Details of votes:
Type of shareholders | For | Against | Abstain | |||
No. of votes | Percentage (%) | No. of votes | Percentage (%) | No. of votes | Percentage (%) | |
A shares | 253,925,358,249 | 99.9878 | 98,400 | 0.0000 | 31,006,800 | 0.0122 |
H shares | 50,401,896,784 | 99.8304 | 1,343,723 | 0.0027 | 84,264,951 | 0.1669 |
Ordinary shares in total | 304,327,255,033 | 99.9617 | 1,442,123 | 0.0005 | 115,271,751 | 0.0378 |
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4. Proposal on the Payment Plan of Remuneration to Supervisors for 2019 Voting result: approved
Details of votes:
Type of shareholders | For | Against | Abstain | |||
No. of votes | Percentage (%) | No. of votes | Percentage (%) | No. of votes | Percentage (%) | |
A shares | 253,956,350,049 | 100.0000 | 98,400 | 0.0000 | 15,000 | 0.0000 |
H shares | 50,402,721,784 | 99.8321 | 19,518,723 | 0.0387 | 65,264,951 | 0.1292 |
Ordinary shares in total | 304,359,071,833 | 99.9721 | 19,617,123 | 0.0064 | 65,279,951 | 0.0215 |
Proposal No. 2 above, which was approved by special resolution, was approved by more than two-thirds of the votes held by the shareholders present at the meeting in person or by proxy. The issuance of Undated Additional Tier 1 Capital Bonds is subject to approval of the relevant regulatory authorities. The other proposals, which were approved by ordinary resolution, were approved by more than half of the votes held by the shareholders present at the meeting in person or by proxy.
In accordance with the relevant regulatory requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange, the votes of small and medium-sized A share investors1 were calculated separately and the poll results in respect of the following proposed resolution at the EGM were as follows:
No. of | For | Against | Abstain | ||||
Name of resolution | No. of | Percentage* | No. of | Percentage* | No. of | Percentage* | |
resolution | |||||||
votes | (%) | votes | (%) | votes | (%) | ||
3 | Proposal on the Payment Plan of | 6,891,053,434 | 99.5506 | 98,400 | 0.0014 | 31,006,800 | 0.4480 |
Remuneration to Directors for 2019 | |||||||
- Percentage of total shares with voting rights held by small and medium-sized A share investors attending the EGM.
1 Individually or collectively holding A shares less than 5% (excluding 5%) of the shares of the Bank. 4
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ICBC - Industrial and Commercial Bank of China Limited published this content on 26 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2020 12:08:00 UTC