Announcement Regarding Resolutions Passed At 2020 First Extraordinary General Meeting of China Guangfa Bank Co., Ltd.

 

The 2020 First Extraordinary General Meeting (hereinafter referred to as the “Meeting” ) of China Guangfa Bank Co., Ltd.( hereinafter referred to as the “Bank”) was held in Guangzhou on January 142020. The Meeting was convened by the 8th Board of Directors of the Bank. Director Yin Yi was elected to preside over the Meeting by Directors.

29 shareholders and proxies attended the Meeting, the total number of voting shares held by them was 16,018,964,715 (Sixteen Billion Eighteen Million Nine Hundred and Sixty-Four Thousand Seven Hundred and Fifteen), 81.37% of total shares of the Bank. 4 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 resolution of the Meeting was lawful and valid.

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

1.Consider and approve the Proposal on Postponing the Change of the 8th Board of Directors of the Bank

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

100%

0

0

 

2.Consider and approve the Proposal on Electing Mr. Li Ronghua as Director of the 8th Board of Directors of the Bank

Mr. Li Ronghua was elected as a director of the Eighth Board of Directors of the Bank, with the same tenure as that of the Eighth Board of Directors. Mr. Li Ronghua’s qualification is still subject to the approval of China Banking and Insurance Regulatory Commission.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

100%

0

0

 

3.Consider and approve the Proposal on Electing Mr. Liu Lixiao as Director of the 8th Board of Directors of the Bank

Mr. Liu Lixiao was elected as a director of the Eighth Board of Directors of the Bank, with the same tenure as that of the Eighth Board of Directors. Mr. Liu Lixiao’s qualification is still subject to the approval of China Banking and Insurance Regulatory Commission.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

100%

0

0

 

4.Consider and approve the Proposal on Electing Mr. Yang Fuming as Supervisor of the 7th Board of Supervisors of the Bank

Mr. Yang Fuming was elected as a supervisor of the Seventh Board of Supervisors of the Bank, with the same tenure as that of the Seventh Board of Supervisors.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

100%

0

0

 

5.Consider and approve the Proposal on Framework Agreement on Continuing Related Party Transactions with China Life Insurance Company Limited

According to relevant regulation, the related shareholder, China Life Insurance Company Limited, didn’t take part in the voting.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

94.30%

4.28%

1.42%

 

6.Consider and approve the Proposal on the 2020-2022 Limits of the Daily Related Party Transactions Between China Life Group and the Bank

According to relevant regulation, the related shareholder, China Life Insurance Company Limited, didn’t take part in the voting.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

98.58%

0

1.42%

 

7.Consider and approve the Proposal on the 2020-2022 Limits of the Daily Related Party Transactions Between State Grid Group and the Bank

According to relevant regulation, the related shareholder, State Grid Yingda International Holdings Co., Ltd., didn’t take part in the voting.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

99.19%

0

0.81%

 

8.Consider and approve the Proposal on the 2020-2022 Limits of the Daily Related Party Transactions Between CITIC Group and the Bank

According to relevant regulation, the related shareholder, CITIC Trust Co., Ltd., didn’t take part in the voting.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

99.19%

0

0.81%

 

9.Consider and approve the Proposal on the 2020-2022 Limits of the Daily Related Party Transactions Between Jiangxi Provincial Expressway Investment Group and the Bank

According to relevant regulation, the related shareholder, Jiangxi Provincial Expressway Investment Group Co., Ltd., didn’t take part in the voting.

Percentage of Assent

Percentage of Dissent

Percentage of Abstention

Voting result

99.34%

0

0.66%

 

The Results of the 2018 Performance Evaluation of Senior Executive of the Bank which were made by the Board of Supervisors of the Bank was also reported at the Meeting.

 

China Guangfa Bank Co., Ltd.

January 14, 2020