CDB Leasing shareholders endorse Bao Quanyong as executive director with 99.996% approval

Bulletin Express05-18

China Development Bank Financial Leasing Co., Ltd. (CDB Leasing) reported that its First Extraordinary Shareholders’ Meeting of 2026, held on 18 May 2026, approved the election of Mr. Bao Quanyong as an executive director.

The sole ordinary resolution secured 9.45 billion votes in favour, representing 99.995748% of the 9.45 billion voting shares present. Votes against and abstentions totalled 0.40 million (0.004189%) and 0.01 million (0.000063%) respectively. Meeting attendance reached 9.45 billion shares, equivalent to 74.78% of the company’s 12.64 billion total issued shares (comprising 2.77 billion H shares and 9.87 billion domestic shares).

Computershare Hong Kong Investor Services Limited acted as scrutineer. The meeting satisfied all procedural requirements under PRC regulations, Hong Kong Listing Rules and the company’s articles of association. No shareholder was restricted from voting, and no parties indicated opposition or abstention in advance.

Mr. Bao’s term will commence upon approval by the NFRA Shenzhen Office and will run to the end of the current third board session. Following the appointment, CDB Leasing’s board will comprise one executive director (Ms. Ma Hong), two non-executive directors (Mr. Zhang Kesheng and Mr. Zhang Chuanhong) and three independent non-executive directors (Mr. Liu Ming, Mr. Wang Guiguo and Ms. Liu Siqin).

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