一份載有（其中包括）建議修訂摘要及召開股東會的通告之通函，將連同 2024 年 年報一併發送予股東。 恒生銀行有限公司（「本行」）董事會（「董事會」）宣佈，董事會已審議並批准 對本行現行章程細則（「該章程細則」）的建議修訂（「建議修訂」），並通過採 納一套新章程細則（「新章程細則」），完全取代該章程細則，以將所有建議修訂 納入並整合。 本行董事會建議採納新章程細則，旨在(a)使該章程細則符合將於2025年4月17日 實施的《2025 年公司 ( 修訂 ) 條例》的規定，並允許本行於庫存中持有回購的股 份及出售庫存股份，及採用默示同意機制，以網站方式發佈公司通訊；(b)使該章 程細則符合於2023年12月31日生效的《香港聯合交易所有限公司證券上市規則》 內經擴大無紙化上市機制及上市發行人須以電子方式發佈公司通訊的規定以及相關 修訂；及(c)於該章程細則中納入其他內務管理修訂。本行董事會建議通過採納新 章程細則的方式，完全取代該章程細則，以納入建議修訂。 建議修訂及採納新章程細則須在本行於2025年5月8日（星期四）舉行之股東周年 常會（「股東會」）上獲本行股東（「股東」）以特別議決案方式批准後，方可作 實。 ...

股份代號： 11（港幣櫃台）及 80011（人民幣櫃台） 環境、社會及管治報告 2024 重要聲明及互聯網私隱政策聲明 © 恒生銀行有限公司 滙豐集團成員 概覽 環境 社會 管治 附錄 恒生銀行 環境、社會及管治報告 2024 2 目錄 14 環境 32 社會 50 管治 概覽 社會 管治 附錄 （本文件乃中文譯本，文義如與英文版有歧異，概以英文版為準。） 52 制定高標準的管治 54 客戶體驗 56 誠信、操守及公平 62 保護資料 65 關於本報告 69 關鍵指標 — 表現數據摘要 77 核實聲明 概覽 環境 社會 管治 附錄 恒生銀行 環境、社會及管治報告 2024 3 摘要 環境 16 我們的過渡方針 20 支援客戶 24 融入淨零碳排放 3 摘要 5 董事會聲明 6 行政總裁的話 7 我們的ESG旅程 13 2024年關鍵摘要 34 我們的共融承諾 36 建立健康職場 39 提升技能、發展事業及 開拓機遇 42 建立客戶共融與復元力 46 與社區的互動 我們的環境、社會及管治（「ESG」）方針 環境 過渡至淨零 於2030年或之前，使自身 業務營運達至淨零排放1 ， 並為客戶提供多元化的氣候 金融產 ...

Financial Performance - The net operating income before expected credit loss changes and other credit impairment provisions for 2024 was HKD 41,537 million, an increase of 1.75% from HKD 40,822 million in 2023[6]. - Operating profit for 2024 reached HKD 21,558 million, up 8.0% from HKD 19,946 million in 2023[6]. - Profit attributable to shareholders for 2024 was HKD 18,379 million, representing a 2.97% increase from HKD 17,848 million in 2023[6]. - The average return on ordinary shareholders' equity remained stable at 11.3% for both 2024 and 2023[6]. - The cost-to-income ratio for 2024 was 36.6%, slightly higher than 35.8% in 2023[6]. - Earnings per share for 2024 increased to HKD 9.33 from HKD 8.97 in 2023, reflecting a growth of 4.02%[6]. - Pre-tax profit rose by 5% year-on-year to HKD 21.014 billion, with earnings per share growing by 4% to HKD 9.33[32]. - The bank's total operating expenses increased to HKD 15.193 billion from HKD 14.624 billion year-on-year[53]. Asset and Liability Management - Total assets as of December 31, 2024, were HKD 1,795,196 million, an increase from HKD 1,692,094 million in 2023[6]. - The bank's total liabilities for 2024 were HKD 1,625,600 million, compared to HKD 1,523,900 million in 2023[8]. - Customer loans decreased to $819,136 million in 2024 from $860,406 million in 2023, a decline of 4.8%[185]. - Financial investments increased significantly to $536,745 million in 2024 from $401,732 million in 2023, an increase of 33.6%[185]. - Customer deposits grew by HKD 86 billion, or 7%, to HKD 1,267 billion, with the loan-to-deposit ratio decreasing to 64.7% from 72.9%[101][102]. Income Sources - Non-interest income increased by 26% year-on-year, reaching HKD 10.753 billion, improving its share of total operating income from 21% in 2023 to 26% in 2024[30]. - Net interest income decreased by 5% due to weak market loan demand, with a net interest margin maintained at a healthy level of 2.20%[23]. - Life insurance-related income increased by 17% to HKD 31.19 billion, with insurance service income rising[31]. - Non-interest income in the global capital markets business grew by 33% to HKD 3.214 billion, with a 55% increase in net interest income[49]. Customer Growth and Engagement - The number of affluent customers grew by 15%, with new affluent customers increasing by 75% year-on-year[23]. - The number of new retail accounts from mainland customers increased significantly by 81% year-on-year[23]. - Active users of mobile wealth management and online banking increased by 24% and 6% year-on-year, respectively[45]. - The bank established 9 cross-border wealth management centers in major cities of the Greater Bay Area, with new account openings for mainland customers increasing by 81% year-on-year[80]. Risk Management - The bank's risk management framework is regularly reviewed by the board to ensure alignment with strategic objectives[106]. - The bank employs a three lines of defense model for risk management, with clear accountability and responsibilities defined[116]. - The bank's risk management approach includes proactive identification, assessment, monitoring, and reporting of risks[116]. - The company has identified geopolitical and macroeconomic risks as primary and emerging risks for 2024, particularly due to uncertainties surrounding the upcoming elections and subsequent government transitions in the U.S.[129]. Economic Outlook - The central scenario reflects lower economic growth expectations across major markets, with Hong Kong's GDP projected to grow by 1.7% in 2025[193]. - The unemployment rate in Hong Kong is forecasted to rise to 3.3% in 2025 and 3.7% in 2026, with China's unemployment rate expected to be 5.2% and 5.4% for the same years[198]. - Housing prices in Hong Kong are anticipated to decline by 0.5% in 2025 and 5.9% in China, with a gradual recovery expected in subsequent years[198]. - The commercial real estate sector in major markets is facing challenges, particularly in office space demand, leading to valuation declines[196].

Investment Rating - The investment rating for Hang Seng Bank is maintained at NEUTRAL [1][2]. Core Views - The report highlights a narrowing net interest margin (NIM) and an increase in the non-performing loan (NPL) ratio, indicating potential challenges in profitability and asset quality [1][4][5]. Financial Performance Summary - For the year 2024, revenue, pre-provision operating profit, and net profit attributable to equity holders increased by +1.8%, +0.6%, and +3.0% respectively [4][14]. - The dividend per share rose from HKD 6.5 to HKD 6.8, marking a year-on-year increase of 4.6% [4][14]. - The return on assets (ROA) increased by 0.1 percentage points to 1.1%, while the return on equity (ROE) remained stable at 13.0% [4][14]. - The common equity tier 1 (CET1) ratio decreased by 0.4 percentage points to 17.7% [4][14]. Interest Income and Margin - The net interest margin for 2024 was reported at 2.20%, down by 10 basis points year-on-year [5][16]. - Net interest income decreased by 4.7% year-on-year, influenced by weak loan demand, which saw total loans decline by 4.8% [5][16]. Non-Interest Income - Non-interest income increased by 26.1% year-on-year, primarily driven by an 82.5% rise in trading gains [6][16]. - Net fee income grew by 8.0%, with retail investment fund income increasing by 39.5% [6][16]. Asset Quality - The non-performing loan ratio rose to 6.12%, an increase of 0.8 percentage points from the first half of 2024, attributed to cash flow pressures in the Hong Kong commercial real estate sector [5][16]. - The credit cost decreased by 13 basis points to 56 basis points, with the provision coverage ratio remaining stable at 1.56% [5][16]. Future Earnings Forecast - The forecast for net profit attributable to equity holders for 2025 is expected to decline by 8.8% year-on-year, followed by a recovery of 3.0% in 2026 [3][12]. - The target price for 2025 is set at HKD 101.38, based on a price-to-book ratio of 1.10 times [3][12].

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公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示，概不對因本公告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。 股份代號: 11（港幣櫃台）及80011（人民幣櫃台） 待本⾏2025年股東會結束後，鄭先生將接替利女士，並調任為董事⻑及提名委員 會主席。 鄭先生的委任使本⾏董事⻑繼任得以達成，並促使適當及平穩的過渡。董事會相 信，鄭先生於金融、商業及諮詢方面擁有深厚的本地及國際經驗，對董事會尤為寶 - 1 - 董事⻑之繼任 在本行董事會任職近11年後，利蘊蓮女士將於2025年5月本⾏舉⾏的股東周年常會 （「股東會」）結束後退任，不再出任本⾏獨立非執⾏董事及董事⻑職務，同時不 再出任提名委員會主席，以及審核委員會、風險委員會及薪酬委員會的成員，以便 有更多時間投入其他事務。 利女士已確認彼與董事會之間並無任何意見分歧，且就彼退任⼀事，亦無任何事項 需要通知本⾏股東。 董事會感謝利女士作出的卓越貢獻、明智建議和英明領導，帶領本⾏在經濟及經營 環境充滿挑戰的時期向前邁進。利女士致力不懈提升銀⾏的企業管治及以可持續的 方式 ...

| 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公告的內容概不負責，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 公告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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 恒生銀行有限公司 | | 股份代號 | 00011 | | 多櫃檯股份代號及貨幣 | 80011 RMB | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 2024年度第四次中期股息 | | 公告日期 | 2025年2月19日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 第四季度 | | 股息性質 | 普通股息 | | 財政年末 | 2024年12月31日 | | 宣派股息的報告期末 | 2024年12月31日 | | 宣派股息 | 每 股 3.2 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 3.2 HKD | | 匯率 | 1 HKD : 1 HKD | | 除淨日 | 2025年3月4日 ...

Financial Performance - For the fiscal year 2024, the operating profit increased by 8% to HKD 21.558 billion, compared to HKD 19.946 billion in 2023[3]. - Non-interest income surged by 26% to HKD 10.753 billion, up from HKD 8.527 billion in 2023[6]. - The bank's net interest income decreased by 5% to HKD 30.784 billion, down from HKD 32.295 billion in 2023, with a net interest margin narrowing by 10 basis points to 2.20%[6]. - The bank's earnings per share increased by 4% to HKD 9.33, compared to HKD 8.97 in 2023[6]. - The total dividend for 2024 is HKD 6.80 per share, reflecting a year-on-year increase of 4.6%[6]. - Operating profit rose by 8% year-on-year, with pre-tax profit increasing by over HKD 900 million[16]. - The group's net operating income increased by 2% to HKD 41.537 billion, while non-interest income rose by 26%, offset by a 5% decrease in net interest income[28]. - The pre-tax profit for the year ending December 31, 2024, is reported at HKD 21,014 million, an increase from HKD 20,105 million in 2023, reflecting a growth of 4.5%[90]. - The total operating income before expected credit loss for 2024 is HKD 41,537 million, up from HKD 40,822 million in 2023, marking a growth of 1.7%[92]. Customer Base and Growth - The number of newly acquired affluent customers rose by 75%, contributing to an overall 15% increase in the affluent customer base[3]. - The bank's affluent customer base grew by 15%, with new affluent customers increasing by 75% year-on-year[16]. - The number of new accounts opened by mainland clients increased by 81% year-on-year, following the launch of a fast account opening service[55]. - Active users of mobile wealth management and online banking increased by 24% and 6% year-on-year, respectively[61]. Risk Management and Credit Quality - The bank has actively reduced the risk in its loan portfolio to maintain growth momentum and create significant value for stakeholders[3]. - The bank's non-performing loan ratio was 6.12% as of the end of 2024, with 90% of unsecured loans rated as investment grade[18][26]. - Total impaired loans increased from HKD 24.7 billion at the end of 2023 to HKD 51 billion by the end of 2024, reflecting downgrades in ratings of certain impaired corporate loans[37]. - Expected credit loss provisions decreased by HKD 1.475 billion, or 24%, to HKD 4.773 billion, mainly due to reduced provisions for wholesale loan customers[36]. - The expected credit loss ratio remains stable at 1.56% for both 2024 and 2023, indicating consistent credit quality management[96]. Capital and Liquidity - The common equity tier 1 capital ratio stood at 17.7% as of December 31, 2024, compared to 18.1% in 2023[6]. - The bank's liquidity coverage ratio stood at 301.0% as of December 31, 2024[25]. - The liquidity coverage ratio as of December 31, 2024, was 301.0%, compared to 260.7% at the end of 2023[47]. - The total capital ratio decreased to 20.8% in 2024 from 21.4% in 2023, reflecting a reduction of approximately 0.9 percentage points after accounting for the proposed fourth interim dividend for 2024[116]. - The leverage ratio improved to 8.0% in 2024 from 8.5% in 2023[118]. Expenses and Efficiency - The cost-to-income ratio was reported at 36.6%, slightly up from 35.8% in 2023[6]. - Operating expenses grew by HKD 569 million, or 4%, to HKD 15.193 billion, driven by increases in intangible asset amortization and IT-related expenses[37]. - Employee compensation and benefits increased to HKD 6,802 million in 2024 from HKD 6,492 million in 2023, representing a growth of 4.78%[82]. - Total operating expenses rose to HKD 15,193 million in 2024, up from HKD 14,624 million in 2023, marking an increase of 3.90%[82]. Investments and Financial Instruments - Financial investments rose significantly to HKD 541,155 million in 2024, compared to HKD 405,792 million in 2023, marking an increase of approximately 33.3%[68]. - The bank's financial instruments measured at fair value through profit or loss increased to HKD 164,557 million in 2024 from HKD 156,872 million in 2023, indicating a growth of 4.3%[95]. - Total income from financial instruments measured at fair value through profit or loss decreased to HKD 7,681 million in 2024, down 32.5% from HKD 11,330 million in 2023[78]. Shareholder Returns and Dividends - The bank declared a fourth interim dividend of HKD 3.20 per share, totaling HKD 6.80 per share for 2024, a 4.6% increase year-on-year[22]. - The bank declared dividends totaling HKD 12,923 million for the year, which includes the fourth interim dividend for 2023 and the first three interim dividends for 2024[70]. - The total dividend distribution for 2024 was HKD 6.80 per share, totaling HKD 12,828 million, compared to HKD 6.50 per share and HKD 12,427 million in 2023, representing an increase of 3.22%[86]. Corporate Governance and Compliance - The bank has fully complied with the corporate governance principles and codes as per the Stock Exchange's requirements for the fiscal year 2024[134]. - The bank emphasizes the importance of corporate governance and aims to enhance reporting efficiency and quality[134]. - The bank has established a "Regulatory Disclosure" section on its website to comply with banking industry disclosure regulations[138].

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公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告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。 股份代號: 11（港幣櫃台）及 80011（人民幣櫃台） 董事委員會會議公告 公司秘書及企業管治主管 張嘉琪 謹啟 2025 年 2 月 7 日 謹通告恒生銀行有限公司 (「本行」) 將於 2025 年 2 月 19 日 (星期三) 於香港德 輔道中 83 號舉行董事委員會會議，以(其中包括)通過宣佈本行截至 2024 年 12 月 31 日止之全年業績，以及考慮宣派本行 2024 年度第四次中期股息。 於本 公 告日 期 當日，本 行之 董 事 會成 員為 利 蘊蓮 *（董 事 長），施穎茵 （ 行 政 總 裁 ） ， 鍾 郝 儀 *， 顏杰慧 #， 郭敬文 *， 林 詩 韻 *， 廖 宜 建 #， 林慧 如*， 蘇 雪冰 ， 王小彬 *及 周 蓉#。 # 非執行董事 * 獨立非執行董事 恒生銀行有限公司 恒生銀行有限公司 Hang Seng Bank Limited 於香港註冊成立的有限公司 註冊辦 ...

c 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公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告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。 恒生集團過往一直基於與滙豐集團成員訂立的個別合約。於本公告所述的過往期間， 只要是恒生集團與直屬控股公司、其附屬公司、同母系附屬公司及聯營公司之重大關 聯方交易是與支付予滙豐集團的營業支出有關，恒生集團已按照並根據香港財務報告 準則（「香港財務報告準則」）的規定於相應經審核財務報表中披露上述交易的金 額。該等過往金額亦包括獲全面豁免的持續關聯交易。另外，不涉及營業支出之過往 金額主要為利息及其他營業收入，並按香港財務報告準則已披露於恒生集團的經審核 財務報表中。香港財務報告準則下有關關聯方交易的披露規定與《上市規則》下有關 持續關連交易的披露規定有所不同。 恒生集團最近注意到，由於對《上市規則》第14A.98條（共用行政管理服務）的應用 範圍詮釋有偏差，以致忽略了並未根據《上市規則》第14A.81及14A.84條（將交易合 併計算）事先向聯交所進行諮詢。因此，未完全依據該等《上市規則》（第14A.3 ...

恒生銀行有限公司 薪酬委員會之職權範圍 1. 宗旨 3. 出席會議 4. 會議及法定人數 5. 職責範圍 恒生銀行有限公司（「本行」）董事會授權及提供充足資源予薪酬委員會（「委 員會」）監督有關影響本行及其附屬公司（「本集團」）薪酬事宜，特別是： 2. 成員 1 (a) 確保該薪酬架構能吸引、保留並激發具素質的個別人員，支持本行的成功 發展； (b) 監督本行薪酬政策的執行及運作情況，與滙豐集團薪酬架構一致； (c) 確保該薪酬架構符合任何相關當地法律、規則或法例；及 (d) 確保該薪酬架構符合本行承受風險水平、業務策略、文化與價值及長遠利 益。 2.1 委員會須由不少於三位董事組成，包括最少兩位非執行董事，並以獨立非執行 董事佔大多數（包括委員會主席），或遵循香港聯合交易所有限公司（「聯交 所」）之證券上市規則（「上市規則」）之規定。 2.2 委員會主席須由董事會於獨立非執行董事中委任。 2.3 委員會成員的委任須經香港上海滙豐銀行有限公司（「滙豐香港」）薪酬委員 會審議。 2.4 委員會成員應共同在薪酬政策和慣例、風險管理和監督工作方面均具備適當的 知識、專長及經驗。 2.5 委員會成員毋須參與委員會審議 ...