CHINA MERCHANTS BANK CO., LTD. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(A joint stock company incorporated in the People's Republic of China with limited liability)
(Stock code: 03968) ANNOUNCEMENT SUPPLEMENTAL TO THE 2013 ANNUAL REPORT OF CHINA MERCHANTS BANK CO., LTD.Upon approval by the Board of Directors of China Merchants Bank Co., Ltd. (the "Company"), the Company hereby announces the rest of the pre-tax remunerations of the senior management who received their remunerations from the Company in 2013 as follows:
Name | Title | Pre-tax remunerations in 2013 (in RMB ten thousand) |
Tian Huiyu | Executive Director, President and Chief Executive Officer | 117.00 |
Zhang Guanghua | Vice Chairman and Executive Director | 129.43 |
Li Hao | Executive Director, First Executive Vice President and Chief Financial Officer | 129.43 |
Han Mingzhi | Chairman of Board of Supervisors | 115.53 |
Tang Zhihong | Executive Vice President | 115.53 |
Ding Wei | Executive Vice President | 115.53 |
Tang Xiaoqing | Executive Vice President | 115.53 |
Wang Qingbin | Executive Vice President | 115.53 |
Liu Jianjun | Executive Vice President | 10.24 |
Xu Shiqing | Secretary of Board of Directors | 58.50 |
Ma Weihua | Former Executive Director, President and Chief Executive Officer | 73.12 |
Yin Fenglan | Former Executive Vice President | 84.82 |
Xu Lianfeng | Former Chief Technology Officer | 40.95 |
Lan Qi | Former Secretary of Board of Directors | 36.56 |
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Notes:
1. According to relevant policies, the Company shall defer the payment of performance-based remunerations to the senior management of the Company. The aggregate amount of performance-based remunerations of the senior management of the Company in 2013 being deferred was RMB12,577,000, which has not yet been paid to respective individuals. The Board of Directors will base on the actual operation and risk exposure of the Company in the future to evaluate whether such deferred payment will be ultimately paid and the way as to how such payment is to be paid.
2. Mr. Zhu Qi's remuneration was paid by Wing Lung Bank Limited, a subsidiary of the
Company.
3. The rest of the pre-tax remunerations of the above-mentioned senior management for 2013 are calculated on the basis of the length of their service as senior management in the Company.
By Order of the Board
Joint Company Secretaries
24 October 2014
As at the date of this announcement, the executive directors of the Company are Tian Huiyu, Zhang Guanghua and Li Hao; the non-executive directors of the Company are Li Jianhong, Ma Zehua, Li Yinquan, Fu Gangfeng, Sun Yueying, Su Min, Fu Junyuan and Hong Xiaoyuan; and the independent non-executive directors of the Company are Xu Shanda, Wong Kwai Lam, Pan Chengwei, Pan Yingli, Guo Xuemeng and Xiao Yuhuai.
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