Resolutions Passed At 2018 Annual General Meeting of China Guangfa Bank Co., Ltd.

 

The 2018 Annual General Meeting (inhere after referred to as the “Meeting” ) of China Guangfa Bank Co., Ltd.(the “Bank”) was held in Guangzhou on 26 June 2019. The Meeting was convened by the 8th Board of Directors of the Bank. The Vice Chairman of Board of Directors of the Bank, Mr. Liu jiade, presided over the Meeting.

65 shareholders and proxies attended the Meeting (no one was authorized by other shareholders), the total number of voting shares held by them was 17,885,274,148 (Seventeen Billion Eight Hundred and Eighty-Five Million Two Hundred and Seventy-Four Thousand One Hundred and Forty-Eight), 90.85% of total shares of the Bank. 7 directors, 5 supervisors and certain senior management members attended the Meeting in non-voting capacity. 

The convening of the Meeting and voting procedures were in compliance with the requirements of the Company Law of the PRC and the Articles of Association of China Guangfa Bank Co., Ltd. The resolutions of the Meeting were lawful and valid.

All qualified shareholders and proxies attending the Meeting considered all proposals and voted one after another. The resolutions of the Meeting passed as follow:

1. Consider and approve the Proposal on the 2018 Work Report of the Board of Directors of the Bank.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

99.97%

0

0.03%

2. Consider and approve the Proposal on the 2018 Work Report of the Board of Supervisors of the Bank.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

99.97%

0

0.03%

3. Consider and approve the Proposal on the 2018 Final Account Report of the Bank.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

99.97%

0

0.03%

4. Consider and approve the Proposal on the 2018 Preliminary Profit Distribution Plan of the Bank.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

99.97%

0

0.03%

5. Consider and approve the Proposal on the 2019 Financial Budget of the Bank.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

99.97%

0

0.03%

6. Consider and approve the Proposal on the 2018 Remuneration of Directors of the Bank.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

99.97%

0

0.03%

7. Consider and approve the Proposal on the 2018 Remuneration of Supervisors of the Bank.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

99.97%

0

0.03%

8. Consider and approve the Proposal to Shareholders’ General Meeting on Authorizing the Board of Directors to Take Out Director Liability Insurance.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

99.94%

0

0.06%

 

The Related Party Transactions Report of the Bank for the Year 2018 and The Circular of the Results of the 2018 Performance Evaluation of Directors and Supervisors of the Bank were also reported at the Meeting.

 

China Guangfa Bank Co., Ltd.

26 June 2019