Hong Kong Stock Code: 5 27 March 2026 Dear non-registered Shareholder1 HSBC Holdings plc (the "Company") Notice of publication of Corporate Communications2 The following documents are now available in English and Chinese on our website www.hsbc.com: • Notice of 2026 Annual General Meeting (www.hsbc.com/agm); and • Annual Report and Accounts 2025 (www.hsbc.com/financialresults). The documents are also available on the website of the HKEXnews at www.hkexnews.hk3 . This letter is not a summary of the documents ...

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about this document or as to the action you should take, you should consult a stockbroker, solicitor, accountant or other appropriate independent professional adviser. If you have sold or transferred all of your shares, you should, without delay, consult the stockbroker or other agent through whom the sale or transfer was effected for advice on the action you should take. HSBC has two Chinese investor pages on both its ...

出席表格 滙豐控股有限公司股東周年大會（「 股 東 周 年 大 會 」）將於2026 年 5月8日（星期五）倫敦時間上午10時正（香港時間下午5時正）舉行。 本人（等）是滙豐控股有限公司（「本公司」）股東，現委任股東周年大會主席 （見背頁註1） 或下列人士為本人（等）的委任代表，於股東周年大會及其任何續會中以本人（等）的名義投票及行事。 如遞交超過一份代表委任表格，請在此欄加上「P」號 （見背頁註1） 。 請參閱背頁資料了解如何以電子方式出席及參與股東周年大會 並於會上投票閣下需要股東參考編號及個人密碼以出席及參與 股東周年大會 閣下如欲親身出席股東周年大會請攜同此出席表格並於到達時 提交以便安排進入會場場地資料詳載於股東周年大會通告 股東參考編號（見英文版之代表委任表格） 個人密碼（見英文版之代表委任表格） 投寄代表委任表格前請沿虛線撕開本出席表格。 如閣下擬用電子方式在網上交回代表委任表格，請登入 www.hsbc.com/proxy 或掃描上方的 二維碼。閣下須輸入股東參考編號及個人密碼（見本表格英文版右上角），並須先行同意若 干條款及條件，方可使用電子代表委任表格。 代表委任表格 訂於2026年5月8 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示，概不對因本文件全部或任何部份內容而產生或因倚賴該等內容而引致 的任何損失承擔任何責任。 (香港股份代號：5) HSBC Holdings plc 滙豐控股有限公司 2026年股東周年大會通告 HSBC Holdings plc 滙豐控股有限公司 註冊辦事處及集團總管理處： 8 Canada Square, London E14 5HQ, United Kingdom 網站：www.hsbc.com 英格蘭及威爾斯註冊有限公司。註冊編號617987 滙豐控股有限公司 2026年股東周年大會通告及說明 謹此通告滙豐控股有限公司（「本公司」）2026年股東周年大會（「股東周 年大會」）將就以下目的按照第14至18頁及第32頁附錄七載列的資料於 2026年5月8日（星期五）倫敦時間上午10時正（香港時間下午5時正）於 Lumi 網上平台及直播會場InterContinental London O2, 1 Waterview Drive, London SE10 0TW, United Kingdo ...

HSBC Holdings plc 滙豐控股有限公司 股東周年大會通告 2026年5月8日（星期五）倫敦時間上午10時正（香港時間下午5時正） 我們將舉行數碼化股東周年大會，並進行現場直播。股東將可以電子方式出席股東周年大 會，並於會上投票，亦可在有需要時即時提問。有關如何以電子方式參與會議的進一步詳 情載列於第17至18頁。 此乃要件 請即處理 閣下如對本文件所述建議之任何方面或應採取之行動有任何疑問，應諮詢股票經紀、律師、會計師或其他適當之獨立專業顧問。 閣下如已出售或轉讓名下所有滙豐控股有限公司（「本公司」或「滙豐」，連同其附屬業務統稱為「集團」）股份，應立即將本文件及隨附之所有 文件送交經手買賣或轉讓之股票經紀、銀行或其他代理商，以便轉交買主或受讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示， 概不會對因本文件全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。本公司普通股在香港聯合交易所有限公 司以「5」號股份代號買賣。 關鍵日期 2026年3月27日 發布股東周年大會通告，股東可透過 www.hsbc ...

Financial Performance - Average tangible equity return rate is 13.3% for 2025, down from 14.6% in 2024[12] - Pre-tax profit decreased to $29.9 billion in 2025, down from $32.3 billion in 2024[15] - Reported pre-tax profit decreased by $2.4 billion to $29.9 billion, primarily due to a net adverse impact of $4.9 billion from notable items[24] - The pre-tax profit for the company was $29.9 billion, a 7% year-on-year decrease, influenced by significant items including $2.1 billion in dilution and impairment losses related to a transportation bank[60][62] - HSBC recorded a reported pre-tax profit of $29.9 billion for 2025, with a return on tangible equity of 13.3%, and 17.2% excluding notable items[49] - The average return on common equity for 2025 was 12.3%, down from 13.6% in 2024[112] - The average tangible equity return rate was 14.9%, up from 14.2% in 2024[167] - The average tangible equity return rate for 2025 was 13.3%, and 17.2% when excluding notable items, surpassing the target of approximately 15%[78] Revenue and Income - Revenue increased by $2.4 billion to $68.3 billion, a growth of 4%, driven mainly by wealth management and wholesale banking businesses[24] - The reported revenue was $68.3 billion, an increase of $2.4 billion, reflecting a growth rate of 4% driven by strong growth in expenses and other income[118] - Fixed-rate revenue for 2025 reached $68,274 million, a 4% increase from $65,854 million in 2024[116] - Total revenue for 2025 was $14.520 billion, up $703 million or 5% from 2024, despite a negative impact of $600 million from strategic trading[190] Operating Expenses - Operating expenses increased to $36.4 billion in 2025, compared to $33 billion in 2024[13] - Operating expenses increased by $3.4 billion to $36.4 billion, a 10% increase, primarily due to notable items and inflationary pressures[24] - Target benchmark operating expenses set at $33.5 billion for 2025, up from $32.5 billion in 2024[14] - The company successfully controlled the target cost growth to approximately 3%, achieving its cost discipline goals[62] - The company plans to save $600 million in costs by 2025 through restructuring and simplification[106] Capital and Dividends - Common equity tier 1 capital ratio remains stable at 14.9% for 2025, unchanged from 2024[17] - The board approved a fourth interim dividend of $0.45 per share, totaling $0.75 per share for 2025[24] - The dividend payout ratio target is maintained at 50% of earnings per share, excluding significant items and related impacts[34] - HSBC plans to distribute $5.2 billion in common stock dividends for 2025, with an additional $7.7 billion expected for the fourth dividend[100] Investment and Growth - New investment assets under management generated $80 billion in 2025, with Asia contributing $39 billion[21] - Cumulative sustainable financing and investment reached $495.6 billion since January 1, 2020, an increase from $393.6 billion in 2024[21] - The company aims to provide and facilitate sustainable financing and investment between $750 billion and $1 trillion by the end of 2030, having already provided $102 billion in 2025, bringing the cumulative total since January 2020 to $495.6 billion[51] - The group aims to achieve an average tangible equity return of approximately 15% over the three years from 2025 to 2027[65] Strategic Initiatives - The company aims to streamline its organizational structure with an annualized impact of $1.2 billion in cost savings[18] - The company is focused on becoming a streamlined, agile financial institution based on its core strengths[23] - The privatization of Hang Seng Bank is expected to generate over $500 million in pre-tax revenue and cost synergies by the end of 2028, with restructuring costs of $600 million reported as significant items[35] - HSBC aims to simplify its organizational structure into four main business areas starting January 1, 2025, to enhance operational efficiency[46] Market and Economic Outlook - The global economic growth in 2025 exceeded expectations, supported by strong AI capital spending and trade growth, despite geopolitical uncertainties[48] - The company expects global economic expansion in 2026, supported by new trade corridors and increased demand for artificial intelligence hardware[53] - In China, economic growth is expected to be maintained, with a focus on enhancing domestic demand and consumption as part of ongoing economic reforms[54] - The company anticipates that strong consumption and export trends will drive significant expansion in several markets, particularly in ASEAN countries[54] Wealth Management - The wealth management business reported a balance of $2.1 trillion as of December 31, 2025, representing a 16% year-over-year growth, with new investment assets of $80 billion, of which $39 billion was recorded in Asia[35] - The international wealth management and premier banking business achieved $14.5 billion in revenue, a 5% increase, with total wealth management assets reaching $2.1 trillion as of December 31, 2025[67] - Wealth management revenue increased by 24% to $9.4 billion, reflecting strong growth in new business and favorable investment returns[126] Credit Losses - Expected credit losses increased by $400 million to $3.9 billion, with provisions related to the Hong Kong commercial real estate sector rising significantly[24] - Expected credit loss provisions are projected to average around 40 basis points of total loans for 2026, with a mid-term plan to maintain this percentage between 30 to 40 basis points[34] - The expected credit loss as a percentage of average customer loans was 0.39% in 2025, up from 0.34% in 2024[112] Digital Innovation - The group is focusing on digital innovation to accelerate customer service, with tokenized deposits supporting new instant payment features across markets including Hong Kong, Singapore, the UK, and Luxembourg[70] - The company plans to launch 30 updates to its mobile banking application in 2026, enhancing digital customer service experience[158] Environmental and Social Governance - The company’s environmental, social, and governance (ESG) strategy focuses on creating long-term value for customers and stakeholders[200]

Group 1 - The Hang Seng Index rose by 272 points, closing at 25,335 points, marking a two-day cumulative increase of 953 points or 3.91% [3][4] - The market experienced a high of 25,390 points during the day, with a total trading volume of 350.93 billion [3] - Notable stock performances included Meituan, which surged by 13.9% to HKD 90, and Alibaba, which increased by 4.6% to HKD 128.9 [4] Group 2 - The Hong Kong Monetary Authority announced a salary increase of 2.65% for its employees, along with a performance-based bonus amounting to 20.04% of total salaries [7] - The appointment of Liang Fengyi as the chair of the Asia-Pacific Committee of the International Organization of Securities Commissions was confirmed, aiming to enhance regional market resilience [8] - China’s Ministry of Commerce emphasized the importance of maintaining stable semiconductor supply chains during a meeting with Samsung's leadership, highlighting opportunities for investment cooperation [10] Group 3 - Conch Venture's annual profit increased by 11.17% to RMB 2.245 billion, with a revenue rise of 4.42% to RMB 6.548 billion [11] - New World Development secured a HKD 20 billion syndicated loan for refinancing, with a competitive interest rate [12] - China Eastern Airlines signed a purchase agreement for 101 A320NEO aircraft, with a total catalog price of approximately USD 15.802 billion, indicating significant investment in fleet expansion [13] Group 4 - Kingsoft Cloud reported a narrowed annual net loss of RMB 936 million, with total revenue increasing by 22.78% to RMB 9.559 billion [14]

2026年3月25日 (香港股份代號：5) HSBC Holdings plc 滙豐控股有限公司 根據香港上市規則第13.36(1)條就或有可轉換證券獲授予的豁免 滙豐控股有限公司（「本公司」）已申請並獲香港聯合交易所有限公司授出豁免，毋須嚴格遵守香港聯 合交易所有限公司證券上市規則（「香港上市規則」）第13.36(1)條的規定，據此，本公司獲准尋求 （及行使（如獲批准））一項授權（「該授權」），以發行或有可轉換證券（「或有可轉換證券」） （及配發就或有可轉換證券所轉換或交換的普通股），數目可超過一般授權規定佔本公司已發行股本 20%的上限（「該豁免」）。 或有可轉換證券是一種債務證券，在若干指定情況下可轉換為普通股，而且在歐盟及英國法例下受惠於 特定的監管規定資本處理方法。 本公司通常於每屆股東周年大會（「股東周年大會」）上尋求一般授權，以便按優先及非優先配股基準 配發股份（「一般配發授權」）。一般配發授權符合投資協會所頒發的機構指引及優先認購集團之原則 聲明，並遵從香港上市規則的相關規定，包括第13.36(2)條，將非優先發行的一般授權上限定為本公司 已發行股本的20%。 香港交易及結算所有限公司及香港聯 ...

Core Viewpoint - HSBC has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which significantly influences stock prices [1][2]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in a company's earnings picture, which is a critical factor for near-term stock price movements [2][3]. - Rising earnings estimates for HSBC indicate an improvement in the company's underlying business, likely leading to an increase in stock price [4]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions [8][9]. Earnings Estimate Revisions for HSBC - HSBC is projected to earn $8.13 per share for the fiscal year ending December 2026, with no year-over-year change [7]. - Over the past three months, the Zacks Consensus Estimate for HSBC has increased by 5.4% [7].

Core Insights - HSBC's appointment of a chief AI officer signals the bank's commitment to leveraging AI technology in the financial services sector [3][6] - The bank has identified generative AI as a key investment area to enhance process reengineering, customer experience, and employee support [3][5] - HSBC aims to equip 85% of its employees with generative AI productivity tools, indicating a significant push towards AI integration [3] Company Developments - David Rice has been appointed as HSBC's first chief AI officer, effective April 1, to play a strategic role in the company's future success [4][7] - The role of CTO Mario Shamtani has been expanded to modernize core platforms and establish a central AI platform for employee access [7] - HSBC's strategy includes using AI to redesign processes and improve customer service through enhanced contact center tools [5][6] Industry Trends - In the U.S., banks are projected to double their AI investments by 2026, reflecting a broader trend in the financial industry towards AI adoption [5] - Customer demand for personalized services is driving HSBC's AI initiatives, with the aim of creating tailored experiences at scale [6][7] - The bank's ambition is to empower employees to utilize AI for real-time, safe, and personalized customer interactions while maintaining human oversight [7]