Shareholding information

IPO of The Security: On June 1 2006, BOC (3988.HK) was listed on the Stock Exchange of Hong Kong. The initial public offering (IPO) had a total size of 29,403,878,000 shares with 2.95HKD per share. On July 5 2006, BOC welcomed the floatation of its stock (601988.SS) on the Shanghai Stock Exchange, the offering raised 6,493,506,000 shares with 3.08RMB per share. After the IPO, the bank's total number of shares increased to 253,839,162,009 with aggregate amount of 253,839,162,009 RMB.　

Rights Issuance of The Security: With the approval of the CBRC and CSRC, the Bank offered A Rights Shares, on the basis of 1 A Rights Share for every 10 existing A Shares held and at the price of RMB2.36 per share, to all A-Share Holders whose names appeared on the register of members of the Bank, as maintained by China Securities Depository and Clearing Corporation Limited, Shanghai Branch, after the close of trading hours on SSE on the A Share Record Date, 2 November 2010. A total of 17,705,975,596 A Shares were subscribed and issued and RMB41,639,158,379.81 was raised in the offering. With the approval of domestic and overseas regulatory authorities, the Bank offered H Rights Shares, on the basis of 1 H Rights Share for every 10 existing H Shares held and at the price of HKD2.74 per share, to H-Share Holders whose names appeared on the register of H-Share Holders and who were not Excluded Shareholders of the Bank after the close of office hours on the H Share Record Date, 12 November 2010. A total of 7,602,025,126 shares were issued and RMB17,659,653,976.86 was raised in the offering.

Disclosure of Shareholding (Latest)

H Share A Share
Place of IPO： HKEx SSE
Time of IPO： 1 June 2006 5 July 2006
Stock Code： 3988 601988
Type of Stock： Common Stock Common Stock
Issued Shares： 83,622,276,395 210,765,514,846
Percentage of total shares 28.41% 71.59%
Par Value Per Share： 1.00 1.00
Price of Issuance： 2.95/2.83 (Take into account of Rights issuance) 3.08/2.98 (Take into account of Rights issuance)
Currency： HKD RMB
Unit： 1000 Shares 100 Shares

Shareholder Information

As at 31 December 2016, the Bank had a total of 860,471 ordinary shareholders, comprising 660,201 A-Share Holders and 200,270 H-Share Holders.

Top ten ordinary shareholders as at 31 December 2016

Unit: share

No. Name of ordinary shareholder Number of
shares held as at the end of the reporting period 		Percentage of total
ordinary shares 		Type of shareholder Type of ordinary
shares
1 Central Huijin Investment Ltd. 188,461,533,607 64.02% State A
2 HKSCC Nominees Limited 81,797,876,460 27.79% Foreign legal person H
3 China Securities Finance Co., Ltd. 7,604,218,558 2.58% State-owned legal person A
4 Central Huijin Asset Management Ltd. 1,810,024,500 0.61% State-owned legal person A
5 Buttonwood Investment Platform Ltd. 1,060,059,360 0.36% State-owned legal person A
6 The Bank of Tokyo-Mitsubishi UFJ Ltd. 520,357,200 0.18% Foreign legal person H
7 Anbang Life Insurance Co., Ltd - Conservative Investment Portfolio 477,023,612 0.16% Other A
8 HKSCC Limited 313,708,551 0.11% Foreign legal person A
9 Anbang Property & Casualty Insurance Co., Ltd - Traditional Product 　　　　 208,018,959 0.07% Other A
10 China 50 ETF 156,180,250 0.05% Other A
  • Notes:
    1.The number of shares held by H-Share Holders was recorded in the register of members kept at the H-Share Registrar of the Bank.
    2. HKSCC Nominees Limited acted as the nominee for all the institutional and individual investors that maintain an account with it as at 31 December 2016. The aggregate number of the Bank's H Shares held by HKSCC Nominees Limited included the number of shares held by the National Council for Social Security Fund.
    3. HKSCC Limited is the nominee holder who holds securities on behalf of others. The securities included the SSE securities acquired by Hong Kong and overseas investors through Shanghai-Hong Kong Stock Connect.

Dividend Policy

In 2009, the Bank amended the Articles of Association to state that the Bank should maintain the continuity and stability of its profit distribution policy.

In 2013, the Bank amended the Articles of Association related to the cash dividend. This amendment clarified the Bank's profit distribution principles, policy and adjustment procedures, the consideration process of the profit distribution plan and other matters. The amendment stated that the Bank shall adopt cash dividend as the priority form of profit distribution. Except under special circumstances, the Bank shall adopt cash as the form of dividend distribution where there is profit in that year and the accumulated undistributed profit is positive, and that the cash distribution of the dividend shall not be less than 10% of the profit after tax attributable to the ordinary shareholders of the Bank. The amendment also stated that the Bank shall offer online voting to shareholders when considering amendments to profit distribution policy and profit distribution plan.

In 2014, the Bank formulated the Shareholder Return Plan for 2014 to 2016 to specify the basic principles, shareholder return plan and decision-making and supervisory mechanisms regarding the formulation, implementation and amendment of the shareholder return of the Bank.

The procedure to formulate the aforementioned dividend distribution policy was compliant, transparent and complete. The criterion and ratio of the dividend are explicit and clear. The independent directors fully expressed their opinions and the legitimate rights and interests of minority shareholders were fully respected and protected. The procedure was in line with the provisions of the Articles of Association and other rules and regulations.

Dividend Distribution Information

Fiscal Year Record Date Payment Date Amount
(RMB, per share before tax) 		Total Amount
(billion RMB)
2006 2007-7-9(H Share) 2007-7-2(A Share) 2007-7-20 0.04 10.154
2007 2008-6-26 2008-7-8 0.10 25.384
2008 2009-6-25 2009-7-20 0.13 32.999
2009 2010-6-3 2010-6-22 0.14 35.537
2010 2011-6-9 2011-6-30 (A Share) 0.146 40.756
2011-7-8 (H Share)
2011 2012-6-12 2012-7-6 0.155 43.268
2012 2013-6-17 2013-7-12 0.175 48.851
2013 2014-6-26 2014-6-27(A Share) 0.196 547.55
2014-7-23(H Share)
2014 2015-7-2 2015-7-3(A Share) 0.19 55.934
2015-7-29(H Share)
2015 2016-6-23 2016-6-24 (A Share) 0.175 51.518
2016-7-20 (H Share)

Bank of China Ltd. published this content on 31 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 April 2017 12:56:17 UTC.

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