| 本人╱吾等 （附註1） | | ， | | --- | --- | --- | | 地址為 | | ， | | 為中國工商銀行股份有限公司（「本行」）股本中每股面值人民幣1.00元之H股 | （附註2） 股 | ， | | （附註3） 之登記持有人，茲委任會議主席或 | | ， | | 地址為 | | ， | 為本人╱吾等之代表，代表本人╱吾等出席 貴銀行將於2025年11月28日（星期五）下午二時五十分假座中國北京市西城區復興門內大街55號中國工商 銀行總行舉行的2025年第二次臨時股東會（「臨時股東會」）及其任何續會，以考慮及酌情通過召開臨時股東會通知所載之決議案，並於臨時股東會及其 任何續會上代表本人╱吾等以本人╱吾等之名義依照下列指示 （附註4） 就該等決議案投票。 中國工商銀行股份有限公司 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED （於中華人民共和國註冊成立的股份有限公司） 股份代號：1398 將於2025年11月28日舉行之2025年第二次臨時股東會之代表委任表格 附註： 注意：請 閣下委任代表前，首先審閱本行日期為2025年11月7日之股 ...

（於中華人民共和國註冊成立的股份有限公司） 股份代號：1398 日期： 簽署： 中國工商銀行股份有限公司 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED 2025年第二次臨時股東會回執 致：中國工商銀行股份有限公司（「貴銀行」） 本人╱吾等 （附註1） ， 地址為 ， 為 貴銀行股本中每股面值人民幣1.00元之H股 股 （附註2） 之登記持 有人，茲通告 貴銀行，本人╱吾等擬出席或委派代表以本人╱吾等名義出席 貴銀行於 2025年11月28日（星期五）下午二時五十分假座中國北京市西城區復興門內大街55號中國工 本行董事會辦公室地址為中國北京市西城區復興門內大街55號，郵編：100140（電話：(86 10) 8101 1187， 傳真：(86 10) 6610 6139）。香港中央證券登記有限公司的地址為香港灣仔皇后大道東183號合和中心17M樓 （電話：(852) 2862 8555，傳真：(852) 2865 0990）。 商銀行總行舉行之2025年第二次臨時股東會。 1. 請用黑體填上登記在股東名冊之股東全名及地址。 2. 請將以 閣下名義登記之股份數目填 ...

此乃要件 請即處理 如 閣下對本通函的任何部份或對應採取的行動存有任何疑問，應諮詢 閣下的持牌證券 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所有中國工商銀行股份有限公司的股份， 閣下應將本通函同 隨附之代表委任表格及回執立刻交予購買人或受讓人或經手買賣或轉讓的銀行、持牌證券 商或其他代理人以轉交給購買人或受讓人。 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通函的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不就因本通函全部或任何部份的內容所 產生或因倚賴該等內容而導致的任何損失承擔任何責任。 本通函以及隨附之代表委任表格及回執的中、英文版本現已登載於本行網站( www.icbc-ltd.com ) 及香港交易所「披露易」網站( www.hkexnews.hk )， 閣下可在本行網站下載或閱覽前述文 件，或在香港交易所網站瀏覽。倘本通函的中文版本與英文版本有任何不一致，概以中文 版本為準。 2025年11月7日 中國工商銀行股份有限公司 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED （於中華人民共和國 ...

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之內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示，概不就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之任何損失承 擔任何責任。 中國工商銀行股份有限公司 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED （於中華人民共和國註冊成立的股份有限公司） 股份代號：1398 2025 年第二次臨時股東會通知 茲通告中國工商銀行股份有限公司（「本行」）將於2025年11月28日（星期五）下午二時五十分 假座中國北京市西城區復興門內大街55號中國工商銀行總行舉行2025年第二次臨時股東會 （「臨時股東會」）。會議擬考慮及酌情通過下列決議案： 普通決議案： 1. 關於2025年中期利潤分配方案的議案 特別決議案： 2. 關於2026年度集團金融債券發行計劃的議案 中國工商銀行股份有限公司 董事會 本行H股股東如欲出席是次臨時股東會而尚未登記過戶文件，須於2025年11月24日（星期一）下午四時三十 分或之前將過戶文件連同有關股票交回本行H股證券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 ...

Industry Investment Rating - The investment rating for the banking sector is "Outperform" [1] Core Insights - The proportion of corporate loans has increased, while retail demand recovery is being monitored. As of mid-2025, the proportion of corporate loans among listed banks rose by 1.65 percentage points from the end of 2024 to 60.2%. The manufacturing sector's loans accounted for 18.5% of corporate loans, reflecting a recovery in the operations of manufacturing enterprises [3][12] - The flexibility in bond allocation has increased, with bond trading helping to stabilize market fluctuations. In the first half of 2025, listed banks saw a significant decline in other comprehensive income and fair value changes due to interest rate fluctuations. Some banks, primarily state-owned, increased bond trading to enhance investment returns and stabilize net profit growth [3][6] - Asset quality pressure is manageable, with a focus on risks in the retail sector. The overall asset quality remains stable, with the non-performing loan (NPL) ratio for A-share listed banks holding steady at 1.15% as of Q3 2025. However, the average NPL ratio for retail loans increased by 15 basis points to 1.58% compared to the end of 2024 [3][6] Summary by Sections Corporate Loan Structure - The overall asset structure of listed banks shows an increase in loan allocation, with the loan proportion rising by 0.1 percentage points from the end of 2024. State-owned banks increased interbank asset allocation, while small and medium-sized banks focused more on loan issuance [12][19] - Corporate loans remain the primary focus of credit allocation, with corporate loans accounting for 91.1% of all new loans in the first nine months of 2025. Short-term corporate loans made up 33.7% of new corporate loans [17][18] Bond Investment Preferences - The preference for flexible bond allocation has increased, with banks primarily investing in government bonds and central bank bills. The proportion of OCI accounts has risen, indicating a shift towards more flexible investment strategies [6][3] Asset Quality and Risk Monitoring - The asset quality of the banking sector is stable, with a non-performing loan ratio of 1.15% as of Q3 2025. The retail loan sector has shown slight increases in NPL ratios, necessitating ongoing monitoring of risks in this area [3][6]

Core Insights - The BRBR mechanism has welcomed 8 new members, bringing the total membership to over 200, enhancing the global financial cooperation under the Belt and Road Initiative [1] - The BRBR mechanism, initiated by the Industrial and Commercial Bank of China (ICBC) in 2017, emphasizes principles of openness, inclusiveness, mutual benefit, and commercialization [1] - ICBC's President Liu Jun highlighted the need for a future-oriented global supply chain system that relies on open-source technology, massive data, a complete industrial system, and a stable business environment [1] Group 1 - The new members of the BRBR include National Australia Bank, Abu Dhabi Commercial Bank, Maldives Bank, Cross-Border Clearing Company, Interbank Market Clearing House Co., Ltd., Commonwealth Bank of Australia, CIMB Bank, and Qatar Commercial Bank [1] - The BRBR mechanism serves as a significant platform for global financial peers to share information, discuss policies, recommend projects, and cooperate under the Belt and Road Initiative [1] Group 2 - ICBC is recognized as one of the largest commercial banks globally, focusing on integrating technological advancements into financial services [2] - The bank has launched over 1,000 intelligent agents and implemented more than 200 AI application scenarios to enhance service efficiency [2] - The People's Bank of China emphasizes the importance of financial support in maintaining the stability of global supply chains, highlighting the financial sector's role in facilitating cross-border trade and investment [2]

Group 1 - The new tax policy on gold, effective from November 1, 2025, has caused significant changes in the gold market, affecting both banking operations and gold jewelry prices [1] - Banks have adjusted their gold accumulation services, with some halting the withdrawal of physical gold bars, while account-based services remain largely unaffected [3] - Despite the temporary suspension of certain services, demand for physical gold bars remains high, leading to rapid sales on banking apps [3] Group 2 - Individuals selling used gold jewelry are generally exempt from value-added tax, but frequent and large-scale sales may be classified as business activities, incurring a 3% tax [4] - Retail prices for gold jewelry are expected to rise due to the new regulations, with brands like Chow Tai Fook and Lao Feng Xiang already increasing prices [4] - The new tax policy will reduce input tax deductions for non-investment gold jewelry companies, potentially increasing their costs [5] Group 3 - Consumers are advised to purchase gold bars from Shanghai Gold Exchange member units to avoid the impacts of the new policy, as these transactions are less affected and offer more transparent pricing [7] - For gold jewelry purchases, consumers should compare price increases across brands to avoid overpaying due to policy-induced price hikes [7] - Individuals should be cautious when selling large amounts of used gold jewelry to assess potential tax risks [7]

Investment Rating - The report maintains an "Overweight" rating for the company [1] Core Views - The company reported a revenue of 640.03 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 2.17%, and a net profit attributable to shareholders of 269.91 billion yuan, up 0.33% year-on-year [4][5] - Total assets reached 52.81 trillion yuan, growing by 9.21% year-on-year, with total loans amounting to 30.45 trillion yuan, an increase of 8.39% year-on-year [4][5] - The non-performing loan (NPL) ratio remained stable at 1.33%, while the NPL coverage ratio was 217.21%, down 0.50 percentage points quarter-on-quarter [4][5] Summary by Sections Financial Performance - The company achieved a quarterly net interest margin of 1.24%, a decrease of 3 basis points quarter-on-quarter and 19 basis points year-on-year [5] - The interest income was impacted by a lower base from the previous year, leading to a decline in net interest income [8] Loan and Asset Quality - The growth in loans has slowed marginally due to demand factors, but the company outperformed the industry average in loan growth, showcasing its strong customer base [5][6] - The overall asset quality remains stable, with the NPL ratio holding steady and expectations for manageable individual loan pressures [6][8] Revenue Streams - Non-interest income has shown significant improvement, driven by a recovery in commission and fee income, alongside strong investment returns [5][8] - The company’s investment income and fair value changes have increased, reflecting a robust operational strategy [5][8] Future Outlook - The company is expected to maintain stable growth in revenue and profit, with projected revenues of 833.1 billion yuan, 841 billion yuan, and 882.7 billion yuan for 2025, 2026, and 2027 respectively [7][8] - The forecasted net profit for the same years is 367.6 billion yuan, 374 billion yuan, and 381.4 billion yuan, indicating a gradual increase [7][8]

二、中国工商银行应要求上述核准任职资格人员严格遵守金融监管总局有关监管规定，自中国工商银行 政许可决定作出之日起3个月内到任，并按要求及时报告到任情况。未在上述规定期限内到任的，本批 复文件失效，由决定机关办理行政许可注销手续。 2025年11月3日，阜新金融监管分局发布批复称，《中国工商银行辽宁省分行关于陈志刚中国工商银行 阜新分行行长任职资格的请示》（中银辽报〔2025〕165号）及相关说明解释材料收悉。经审核，现批 复如下： 一、核准陈志刚中国工商银行阜新分行行长的任职资格。 三、中国工商银行应督促上述核准任职资格人员持续学习和掌握经济金融相关法律法规，牢固树立风险 合规意识，熟悉任职岗位职责，忠实勤勉履职。 ...

Core Viewpoint - A real estate company in Jiayuguan has fully repaid a real estate development loan from the Industrial and Commercial Bank of China (ICBC), marking a successful resolution of financial support and risk management efforts by the bank [1] Group 1: Loan Repayment and Financial Support - The real estate company had faced significant financial pressure due to industry downturns and reduced market demand, leading to seven loan extensions over the years [1] - The full repayment of the loan principal and interest reflects ICBC Jiayuguan Branch's commitment to supporting enterprises and mitigating financial risks [1] Group 2: Bank's Strategy and Future Plans - ICBC Jiayuguan Branch emphasizes a tailored approach to financial support, avoiding a one-size-fits-all strategy in loan management [1] - The bank plans to continue enhancing its financial services, aligning with national macroeconomic policies, and focusing on high-quality development goals [1]