BOC Hong Kong (Holdings) Ltd. Announces Medium- to Long-Term Strategic Planning, Sets Growth Targets, Reviews Market Entry and Exit Strategies, and Oversees Major Investments and Budget Performance

BOC Hong Kong (Holdings) Ltd. has outlined its strategic direction and planning activities through its Strategy and Budget Committee. The Committee is tasked with preparing the Group's medium- to long-term strategic plans for Board approval, setting specific growth targets, and monitoring the implementation of business plans and financial budgets. The Committee will review and provide guidance on the Group's geographical strategy, major investments, capital expenditures, and strategic commitments. Additionally, the Committee will assess and recommend actions on significant mergers and acquisitions, and oversee the process for formulating robust strategic options. The Committee will also monitor performance against budgeted targets and request management to address any significant deviations, presenting revised plans to the Board as needed.

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