CM Bank Shareholders Clear 13 Proposals at 2025 AGM, Endorsing Multi-Year Capital Plan and Bond Mandates

Bulletin Express06-25

China Merchants Bank (CM Bank) secured broad shareholder support at its 2025 Annual General Meeting on 25 June 2026, with all 13 resolutions obtaining at least 96.83 % approval.

Meeting Snapshot • Attendance: 11,365 shareholders and proxies. • Voting power represented: 15.57 billion shares, equal to 61.74 % of total ordinary shares outstanding (25.22 billion). • Breakdown: A-share holders accounted for 12.04 billion shares (47.74 % of total voting shares) and H-share holders for 3.53 billion shares (13.99 %).

Key Ordinary Resolutions 1. 2025 Board Work Report – 99.59 % in favour. 2. 2025 Annual Report & Audited Financials – 99.67 % in favour. 3. 2025 Profit Appropriation Plan (inclusive of the final dividend) – 99.70 % in favour. 4. 2026 Interim Profit Appropriation Plan – 99.70 % in favour. 5. Capital Management Plan for 2026-2030 – 99.78 % in favour. 6. Re-appointment of accounting firms for 2026 – 99.49 % in favour. 7-10. Board elections: • Li Yungui and Huo Da (Non-executive Directors) gained 96.99 % and 96.83 % approval, respectively. • Wang Xiaoqing (Executive Director) secured 99.08 % approval. • Zhang Yong (Independent Non-executive Director) received 99.60 % approval. 11. 2025 Related-Party Transactions Report – 99.67 % in favour.

Special Resolutions 12. General mandate to issue financial bonds and certificates of deposit – 99.81 % in favour. 13. Authorisation to issue capital bonds – 99.80 % in favour.

Director Qualification Procedure Appointments of Li Yungui, Huo Da, Wang Xiaoqing and Zhang Yong will take effect upon approval of their qualifications by the National Financial Regulatory Administration.

Compliance Confirmation Legal counsel JunHe LLP confirmed that the meeting’s convening, procedures and voting results complied with China’s Company Law, relevant regulations and CM Bank’s Articles of Association, rendering all resolutions valid.

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