中国农业银行股份有限公司 2025 年度第二次临时股东会 中国农业银行股份有限公司 2025 年度第二次临时股东会 会议资料 2025 年 11 月 28 日 中国农业银行股份有限公司 2025 年度第二次临时股东会 文件目录 中国农业银行股份有限公司 2025 年度第二次临时股东会 中国农业银行股份有限公司 2025 年度第二次临时股东会议案 1 选举刘洪先生担任中国农业银行股份有限公司执行董事 | 议案 | 1：选举刘洪先生担任中国农业银行股份有限公司执行董事 1 | | --- | --- | | 议案 | 2：选举张奇先生继续担任中国农业银行股份有限公司非执行董 | | 事 3 | | | 议案 | 3：选举张洪武先生担任中国农业银行股份有限公司非执行董事 | | 5 | | | 议案 | 4：选举汪昌云先生继续担任中国农业银行股份有限公司独立董 | | 事 7 | | | 议案 | 5：中国农业银行股份有限公司 年度中期利润分配方案.20 2025 | | 议案 | 6：中国农业银行股份有限公司金融债券发行计划事宜 22 | | 议案 | 7：中国农业银行股份有限公司资本工具和总损失吸收能力非资 | ...

EF002 免責聲明 | 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（可選擇貨幣）公告 | | 發行人名稱 | 中國農業銀行股份有限公司 | | 股份代號 | 01288 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 建議派發截至2025年6月30日止六個月之中期股息 | | 公告日期 | 2025年11月11日 | | 公告狀態 | 更新公告 | | | 更新除淨日、為符合獲取股息分派而遞交股份過戶文件之最後時限及暫停辦理股份過戶 | | 更新/撤回理由 | 登記手續之日期 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 10 股 1.195 RMB | | 股 ...

日期：2025年 月 日 附註： 2025年度第二次臨時股東會出席回條 致：中國農業銀行股份有限公司（「貴行」） 本人╱吾等 （附註1） ， ， 為 貴行股本中 （附註2） 股H股之註冊持有人， 茲通知 貴行，本人╱吾等擬親自或委派代表出席 貴行於2025年11月28日（星期五）下午二時 五十分於中國北京市東城區建國門內大街乙18號 貴行總行舉行之2025年度第二次臨時股東 會。 簽名： AGRICULTURAL BANK OF CHINA LIMITED 1288 香港中央證券登記有限公司 香港灣仔皇后大道東183號 合和中心17M樓 傳真：(852) 2865 0990 地址為 ， 1. 請用正楷填入登記於本行H股股東名冊上之股東全名及地址。 2. 請填入以 閣下名義登記之H股股份數目。 3. 請填妥並簽署本出席回條，並於2025年11月24日（星期一）或以前以專人遞送、郵寄或傳真方式交回本 行H股股份過戶登記處，地址如下： ...

與本代表委任 表格有關之H股 股份數目 （附註1） 本人╱吾等 （附註2） ， ， 地址為 ， AGRICULTURAL BANK OF CHINA LIMITED 1288 2025年11月28日舉行之 2025年度第二次臨時股東會之代表委任表格 為中國農業銀行股份有限公司（「本行」）股本H股之註冊持有人，玆委任 （附註3） ， 附註： 1. 倘未有填上股份數目，則本代表委任表格將被視為與所有以 閣下名義登記之本行H股股份有關。 6. 填妥及簽署的代表委任表格連同經過公證人簽署證明之相關授權書（如有）及其他相關授權文件（如有），必須於臨時 股東會或其任何續會（視情況而定）指定舉行時間24小時前（即2025年11月27日（星期四）下午二時五十分前），送抵本 行H股股份過戶登記處香港中央證券登記有限公司，地址為香港灣仔皇后大道東183號合和中心17M樓，方為有效。 2. 請以正楷填上登記於本行H股股東名冊上所示之全名及地址。 3. 請填上代表之姓名及地址。倘未有填上姓名，則臨時股東會主席將出任 閣下之代表。每名股東可委任一名或以上 的代表出席會議並為其投票。受託代表毋須為本行股東，惟須親身出席大會以代表 閣下。 ...

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通告的內容概不負責，對其準確性或完整性亦不發表任 何聲明，並明確表示，概不對因本通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。 AGRICULTURAL BANK OF CHINA LIMITED 1288 2025年度第二次臨時股東會通告 兹通告，中國農業銀行股份有限公司（「本行」）將於2025年11月28日（星期五）下午二時五 十分於中國北京市東城區建國門內大街乙18號本行總行舉行2025年度第二次臨時股東會 （「臨時股東會」），以審議並酌情通過以下事項： 普通決議案 特別決議案 6. 審議及批准金融債券發行計劃事宜；及 - 1 - 1. 審議及批准選舉劉洪先生擔任本行執行董事； 2. 審議及批准選舉張奇先生繼續擔任本行非執行董事； 3. 審議及批准選舉張洪武先生擔任本行非執行董事； 4. 審議及批准選舉汪昌雲先生繼續擔任本行獨立非執行董事； 5. 審議及批准2025年度中期利潤分配方案； 7. 審議及批准資本工具和總損失吸收能力非資本債券計劃額度事宜。 代表委任表格連同經公證人簽署證明的授權書（如有）及其他授權文件（如有） ...

此乃要件 請即處理 如 閣下對本通函任何方面或對將採取的行動存有任何疑問，應諮詢 閣下的持牌證券經紀或 其他註冊證券商、銀行經理、律師、專業會計師或其他專業顧問。 如 閣下已出售或轉讓名下全部中國農業銀行股份有限公司股份，應立即將本通函及隨附的代 表委任表格及回條交給買主或承讓人，或送交經手買賣或轉讓的銀行、持牌證券經紀或其他代 理商，以便其轉交買主或承讓人。 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通函的內容概不負責，對其準確性 或完整性不發表任何聲明，並明確表示概不就因本通函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。 資本工具和總損失吸收能力非資本債券計劃額度事宜 AGRICULTURAL BANK OF CHINA LIMITED 1288 選舉執行董事 選舉非執行董事 選舉獨立非執行董事 2025年度中期利潤分配方案 金融債券發行計劃事宜 及 2025年度第二次臨時股東會通告 本行謹訂於2025年11月28日（星期五）下午二時五十分於中國北京市東城區建國門內大街乙18 號本行總行舉行臨時股東會，大會通告載於本通函第ESM-1頁至第ESM-3頁內。 本通函隨附臨 ...

Core Insights - Agricultural Bank of China reported a revenue of 550.9 billion yuan for the first nine months of 2025, representing a year-on-year growth of 2.0%, and a net profit attributable to shareholders of 220.9 billion yuan, up 3.0% year-on-year [1][2] Financial Performance - The bank's revenue growth accelerated in 9M25 compared to 1H25, with a revenue increase of 2.0% (1H25: 0.8%) and a net profit growth of 3.0% (1H25: 2.7%) [1][2] - Non-interest income saw a significant increase of 20.7% year-on-year in 9M25, contributing 3.9 percentage points to revenue growth, driven by a 31.7% increase in investment-related non-interest income [1][2] - The bank's non-performing loan (NPL) ratio slightly decreased to 1.27% in 3Q25, with a provision coverage ratio improving to 295.1%, the highest among major banks [3] Deposit and Loan Growth - Deposits grew by 9.3% year-on-year in 3Q25, up from 8.3% in 2Q25, supporting credit expansion [2] - Loan growth in 3Q25 was also 9.3%, slightly lower than the previous quarter's 9.6%, but still above the average for state-owned banks [2] Interest Margin and Risk Management - The net interest margin for 9M25 was 1.30%, down 15 basis points year-on-year, with a stable margin of 1.28% in 3Q25 [3] - The cost of interest-bearing liabilities decreased by 7 basis points to 1.45% in 3Q25, benefiting from an improved liability structure [3] Investment Outlook - The bank is expected to enter a new valuation reassessment cycle, with a stock price increase of nearly 60% year-to-date, leading the banking sector [4] - The bank's dividend payout ratio for 1H25 was 32.1%, indicating potential for mid-term dividends to be realized within the year [2][4] - Future net profit growth is projected at 3.0%, 3.4%, and 4.3% for 2025-2027, with a current price-to-book ratio of 1.02 for 2025 [4]

Investment Rating - The report maintains a "Buy" rating for Agricultural Bank of China (601288) [1] Core Views - Agricultural Bank of China continues to lead among major banks in performance, with a 2.0% year-on-year revenue growth and a 3.0% increase in net profit attributable to shareholders for the first nine months of 2025 [4][6] - The bank's non-performing loan ratio slightly decreased to 1.27%, while the provision coverage ratio improved to 295% [4][6] - The bank's strong performance is attributed to accelerated asset growth and a significant increase in non-interest income, which grew by 20.7% year-on-year [6] Financial Data and Earnings Forecast - For 2025, the total revenue is projected to be 718.70 billion yuan, with a year-on-year growth rate of 1.15% [5] - The net profit attributable to shareholders is expected to reach 290.51 billion yuan in 2025, reflecting a 2.99% year-on-year growth [5] - The bank's return on equity (ROE) is forecasted to be 10.10% in 2025, with a non-performing loan ratio of 1.27% [5] - The provision coverage ratio is expected to remain strong at 295.11% in 2025 [5] Performance Highlights - The bank's revenue growth accelerated in the third quarter of 2025, with a 3.0% increase in net profit compared to the previous year, outperforming the average of major banks [6] - Deposit growth accelerated to 9.3% in the third quarter, supporting credit expansion [6] - The bank's net interest margin remained stable at 1.30%, with a slight decrease of 15 basis points year-on-year [6] Investment Analysis - Agricultural Bank of China is expected to undergo a new round of value reassessment due to its superior revenue and profit performance among state-owned banks [6] - The stock has risen nearly 60% since the beginning of the year, leading the banking sector [6] - The bank's strong capital base and anticipated mid-term dividends are expected to further solidify its high dividend advantage [6]

Investment Rating - The report maintains a "Buy" rating for Agricultural Bank of China [1] Core Insights - Agricultural Bank of China continues to lead among major banks in performance, with a 2.0% year-on-year revenue growth and a 3.0% increase in net profit for the first nine months of 2025 [4][6] - The bank's non-interest income has seen a significant increase of 20.7% year-on-year, contributing positively to revenue growth despite a decline in net interest income [6][10] - The bank's asset quality remains strong, with a slight decrease in the non-performing loan (NPL) ratio to 1.27% and a high provision coverage ratio of 295% [6][10] Financial Data and Earnings Forecast - For 2025, the bank is projected to achieve total revenue of 718.7 billion yuan, with a year-on-year growth rate of 1.15% [5] - The net profit attributable to shareholders is expected to reach 290.5 billion yuan in 2025, reflecting a growth rate of 2.99% [5] - The bank's return on equity (ROE) is forecasted to be 10.10% in 2025, with a price-to-earnings (P/E) ratio of 10.43 [5] Performance Metrics - As of September 30, 2025, the bank's total assets amounted to 48.14 trillion yuan, representing a year-on-year growth of 10.5% [10] - The total loans increased by 9.3% year-on-year, with total deposits also growing by 9.3% [10] - The bank's net interest margin (NIM) is projected to be 1.30% for 2025, down from previous levels due to competitive pressures [6][10]

Core Insights - The Hexi Corridor, historically significant as part of the Silk Road, is experiencing revitalization through unique agricultural and renewable energy developments driven by financial support [2][3]. Financial Support and Agricultural Development - Agricultural Bank's timely financial assistance has enabled local farmers to overcome funding challenges, facilitating the growth of organic vegetable farming in Gansu [3][4]. - The introduction of flexible loan products like "Fumin Loan" has encouraged farmers to expand operations, leading to significant increases in income and employment opportunities [4][8]. - Ma Zhaocun's organic vegetable base has grown to 3,600 acres, generating sales of 42 million yuan in 2024, with an average income of 35,000 yuan per acre, five times higher than conventional vegetable farming [4][8]. Specialty Crop Production - The region has become known for its high-quality grapes, with over 10,000 acres dedicated to grape cultivation, yielding more than 20,000 tons annually and generating over 50 million yuan in revenue [7][8]. - Financial support from Agricultural Bank has enabled local farmers to upgrade their production methods, enhancing both quality and profitability [7][8]. Seed Production Industry - Zhangye is recognized as the largest corn seed production base in China, with over 1 million acres dedicated to seed production, accounting for nearly half of the national seed supply [8][12]. - The Agricultural Bank's "Hexi Corridor Seed Loan" has provided crucial funding to ensure timely operations during critical production periods [8][12]. Dairy Farming Innovations - Dairy farming in Gulang County has faced challenges due to funding and asset limitations, prompting the introduction of the "Smart Livestock Loan" to leverage livestock as collateral [12][13]. - The bank's innovative approach includes real-time monitoring of livestock through IoT technology, enhancing asset management and reducing credit risk [14][13]. Renewable Energy Development - The region is transforming its ecological disadvantages into advantages for renewable energy, with significant solar and wind energy projects underway [16][17]. - Agricultural Bank has committed substantial financing to support these projects, including a 15 billion yuan credit line for a solar power project [18][17]. - The introduction of energy storage solutions is addressing the challenges of renewable energy intermittency, with significant investments in compressed air storage technology [18][19]. Credit Innovations - The "Electricity e-Loan" product allows businesses to leverage their electricity payment history as a basis for credit, promoting sustainable agricultural practices [19][18]. - This innovative financing model supports the development of modern irrigation technologies, enhancing water efficiency in agriculture [19][18].