CHINA MINSHENG BANKING CORP., LTD. 28 August 2017
The 5th meeting of the 7th session of the Board of Directors of the Company was held on 28 August 2017 in Beijing. The meeting notice and supplementary notice were sent out via emails on 14 August 2017 and 25 August 2017, respectively. The meeting was convened and presided over by Chairman Hong Qi. Of all 18 Directors, 9 attended the meeting in person, 8 through conference call, who were Vice Chairmen Zhang Hongwei and Liu Yonghao, Directors Wu Di, Weng Zhenjien, Cheng Hoi-chuen, Liu Jipeng, Xie Zhichun and Peng Xuefeng, while Director Shi Yuzhu entrusted Chairman Hong Qi in a written form to execute his voting right. All 9 supervisors of the Company participated in the meeting. The convention and procedures of the meeting complied with the rules and regulations under the Company Law of the PRC, the Articles of Association of the Company and the Rules of Procedures of the Board of Directors of the Company. The resolutions made through voting were legal and effective.
The following resolutions were discussed and passed at the meeting:
-
Resolution on the 2017 Interim Report (Text and Abstract) of the Company
Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.
-
Resolution on the 2017 Interim Profit Distribution Plan
The following distribution plan was approved at the meeting:
A cash dividend of RMB1.20 (tax inclusive) for every 10 shares will be distributed to all the A and H share holders whose names appear on the register of members on the record date. On the basis of a total of 36,485 million shares issued by the Company as of 30 June 2017, the total cash dividends for ordinary shares shares and H shares amounted to RMB4,378 million. For details, please refer to the 2017 Interim Report of the Company.
All Independent Directors of the Company recognize that the distribution plan conforms to the actual situation of the Company and has taken into account of the interests of the Company and its shareholders, and complies with the relevant laws, rules and the regulations under the Articles of Association, and is helpful for the continuous, stable and healthy development of the Company.
Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.
-
Resolution on Disclosing Information on Capital Structure and Leverage Ratio of the Company in the First Half of 2017
For details, please refer to the website of the Company.
Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.
-
Resolution on Taking Equity of Some Shareholders of Minsheng Financial Leasing Co., Ltd.
Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.
-
Resolution on Amending the Administrative Measures for the Subsidiaries of the Company
Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.
-
Resolution on Amending the Administrative Measures for Internal Transactions of the Company
Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.
-
Resolution on Amending the Working Rules for the Nomination Committee of the Board of Directors of the Company
Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.
-
Resolution on Disengaging Mr. Lin Xiaoxuan as the Chief Information Officer
Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.
- Resolution on Establishing the Headquarter Base Construction Office of the Company
Voting result: Affirmative: 15 votes; Negative: 0 vote; Abstention: 0 vote.
Board of Directors China Minsheng Banking Corporation LimitedCMBC - China Minsheng Banking Corporation Ltd. published this content on 28 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 August 2017 12:22:04 UTC.
Original documenthttp://en.cmbc.com.cn/upload/20170331/20170426EN/043BOD201700828.pdf
Public permalinkhttp://www.publicnow.com/view/99DB1D79698E4B42E5E77FA78F68CF95013B3498
