厦门银行股份有限公司 2024 年度独立董事述职报告 本人陈欣，1975 年 12 月出生，中国国籍，明尼苏达大学金融学博士。历任 上海交通大学安泰经管学院副教授、上海交通大学上海高级金融学院教授，现任 上海财经大学滴水湖高级金融学院教授，研究领域为会计与资本市场，兼任广东 群兴玩具股份有限公司独立董事、上海临港控股股份有限公司独立董事、大明国 际控股有限公司独立非执行董事、恒泰证券股份有限公司独立非执行董事等职 务。 （二）不存在影响独立性的情况 本人未在公司担任除独立董事外的其他职务，与公司及其主要股东不存在直 接或者间接利害关系或者其他可能影响进行独立客观判断的关系；独立履行职 责，不受公司及其主要股东等单位或者个人的影响。 2024 年度，本人对独立性情况进行了自查，确认已满足适用的各项监管规 定中出任公司独立董事所应具备的独立性要求，并将自查情况提交董事会；董事 会对本人独立性情况进行了评估，未发现可能影响本人作为独立董事进行独立客 观判断的情况，认为本人作为独立董事具备独立性。 二、独立董事 2024 年度履职概况 （一）出席董事会次数、方式及投票情况 （陈欣） 2024 年度，本人作为厦门银行股 ...

厦门银行股份有限公司 2024 年度独立董事述职报告 （聂秀峰） 2024 年度，本人作为厦门银行股份有限公司（以下简称"公司"）的独立 董事，严格按照《银行保险机构公司治理准则》《上市公司治理准则》《上市公 司独立董事管理办法》等相关规则以及《厦门银行股份有限公司章程》（以下简 称"公司章程"）《厦门银行股份有限公司独立董事工作制度》的有关规定，基 于独立客观的立场，本着审慎负责的态度，充分发挥独立董事作用，切实维护公 司的整体利益和中小股东的合法权益。现将本人在 2024 年度履行独立董事职责 的情况报告如下： 一、独立董事的基本情况 （一）工作履历、专业背景以及兼职情况 本人聂秀峰，1960 年 11 月出生，中国国籍，经济管理专业本科学历，高级 会计师。历任首钢集团有限公司计财部会计处、资金处主任科员；首钢集团有限 公司计财部财务管理处副处长、资金处副处长、处长；通化钢铁股份有限公司总 会计师；首钢集团财务有限公司董事、总经理；首钢金融党委副书记、纪委书记； 北京首钢基金有限公司副总经理。职业领域为企业管理、金融管理。 （二）不存在影响独立性的情况 本人未在公司担任除独立董事外的其他职务，与公司及其主 ...

厦门银行股份有限公司 2024 年度独立董事述职报告 （谢德仁） 2024 年度，本人作为厦门银行股份有限公司（以下简称"公司"）的独立 董事，严格按照《银行保险机构公司治理准则》《上市公司治理准则》《上市公 司独立董事管理办法》等相关规则以及《厦门银行股份有限公司章程》（以下简 称"公司章程"）《厦门银行股份有限公司独立董事工作制度》的有关规定，基 于独立客观的立场，本着审慎负责的态度，充分发挥独立董事作用，切实维护公 司的整体利益和中小股东的合法权益。现将本人在 2024 年度履行独立董事职责 的情况报告如下： 一、独立董事的基本情况 （一）工作履历、专业背景以及兼职情况 本人谢德仁，1972 年 1 月出生，中国国籍，厦门大学会计学博士。历任清 华大学讲师、副教授。现任清华大学经济管理学院教授、博士生导师，兼任北京 经纬恒润科技股份有限公司独立董事、创新奇智科技集团股份有限公司独立董 事、中国电子工程设计院股份有限公司独立董事等职务。 （二）不存在影响独立性的情况 本人未在公司担任除独立董事外的其他职务，与公司及其主要股东不存在直 接或者间接利害关系或者其他可能影响进行独立客观判断的关系；独立履行职 责 ...

厦门银行股份有限公司 2024 年度独立董事述职报告 （戴亦一） 2024 年度，本人作为厦门银行股份有限公司（以下简称"公司"）的独立 董事，严格按照《银行保险机构公司治理准则》《上市公司治理准则》《上市公 司独立董事管理办法》等相关规则以及《厦门银行股份有限公司章程》（以下简 称"公司章程"）《厦门银行股份有限公司独立董事工作制度》的有关规定，基 于独立客观的立场，本着审慎负责的态度，充分发挥独立董事作用，切实维护公 司的整体利益和中小股东的合法权益。现将本人在 2024 年度履行独立董事职责 的情况报告如下： 一、独立董事的基本情况 （一）工作履历、专业背景以及兼职情况 本人戴亦一，1967 年 6 月出生，中国国籍，厦门大学经济统计学专业博士。 历任厦门大学 EMBA 中心主任、管理学院副院长。现任厦门大学管理学院经济学 与金融学教授、博士生导师，兼任厦门国贸集团股份有限公司独立董事、建发国 际投资集团有限公司独立董事、中骏集团控股有限公司独立董事、都市丽人（中 国）控股有限公司独立董事等职务。 （二）不存在影响独立性的情况 2024 年度，本人对独立性情况进行了自查，确认已满足适用的各项监管规 定中 ...

厦门银行股份有限公司董事会 关于独立董事独立性情况的专项意见 根据中国证券监督管理委员会《上市公司独立董事管理 办法》和国家金融监督管理总局《银行保险机构公司治理准 则》等的要求，厦门银行股份有限公司（下称"公司"）在 任独立董事戴亦一、谢德仁、聂秀峰、陈欣、袁东对照相关 监管规定中关于独立董事所应具备的独立性要求进行了逐 项自查，并向公司董事会提交了独立性自查报告。经自查， 公司全体独立董事均确认未在公司担任除独立董事外的其 他职务，与公司及其主要股东不存在直接或者间接利害关系 或者其他可能影响进行独立客观判断的关系；独立履行职 责，不受公司及其主要股东等单位或者个人的影响。因此， 公司独立董事已满足公司适用的各项监管规定中对于出任 公司独立董事所应具备的独立性要求。 厦门银行股份有限公司 董事会 2025 年 4 月 28 日 经核查，公司全体独立董事的任职经历及其提交的相关 自查文件，公司董事会未发现可能影响独立董事进行独立客 观判断的情形，并认为公司全体独立董事具备独立性。 ...

2024 年度，本人严格按照《银行保险机构公司治理准则》《上市公司治理 准则》《上市公司独立董事管理办法》等相关规则以及《厦门银行股份有限公司 章程》（以下简称"公司章程"）《厦门银行股份有限公司独立董事工作制度》 的有关规定，基于独立客观的立场，本着审慎负责的态度，继续履行厦门银行股 份有限公司（以下简称"公司"）独立董事职责，切实维护公司的整体利益和中 小股东的合法权益。现将本人在 2024 年度履行独立董事职责的情况报告如下： 厦门银行股份有限公司 2024 年度独立董事述职报告 （宁向东） 一、独立董事的基本情况 （一）工作履历、专业背景以及兼职情况 本人宁向东，1965 年 5 月出生，中国国籍，清华大学数量经济学专业博士。 历任清华大学助教、讲师、副教授，清华大学中国经济研究中心常务副主任，哈 佛商学院、伊利诺大学、新南威尔士大学、悉尼大学、香港中文大学访问学者。 现任清华大学经济管理学院教授、博士生导师，兼任中化能源股份有限公司独立 董事、中国石化销售股份有限公司独立董事、山东重工集团有限公司外部董事等 职务。 （二）不存在影响独立性的情况 本人未在公司担任除独立董事外的其他职务，与公司及其主要 ...

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1.60 RMB per 10 shares, totaling 422 million RMB for the 2024 fiscal year, with an overall cash dividend distribution of 818 million RMB including mid-year distributions[3] - The company has committed to maintaining a cash dividend level exceeding 30% for three consecutive years from 2021 to 2023, ensuring better returns for investors[13] - The net profit attributable to shareholders of the parent company for 2024 was CNY 2,594,646,000, a decrease of 2.60% from CNY 2,663,871,000 in 2023[37] - The total profit amounted to 2,735.34 million RMB, reflecting a year-on-year growth of 3.54%[121] Asset and Loan Growth - The company's asset scale has reached 400 billion RMB, with steady growth in general loans and deposits, and revenue showing positive growth[9] - As of the end of 2024, the company's total assets reached CNY 407.795 billion, an increase of 4.39% compared to the end of the previous year[16] - The total amount of customer loans and advances decreased by 2.02% to CNY 205,455,072,000 in 2024[37] - The balance of inclusive small and micro enterprise loans reached 73.293 billion RMB, accounting for nearly 36% of the total loans and advances[10] - The balance of technology loans increased by 33.69% year-on-year, while the balance of green loans grew by 61.96% year-on-year[16] Client Growth and Engagement - The company achieved a 19% growth in the number of Taiwanese enterprise clients and a 17% increase in Taiwanese individual clients, with average daily deposits and loans from Taiwanese enterprises growing by 45% and 23% respectively[12] - The number of Taiwanese enterprise clients and Taiwanese individual clients increased by 19% and 17% year-on-year, respectively[17] - The company’s retail customer base grew to 2.6993 million, an increase of 137,700 customers or 5.37% year-on-year[93] - Wealth management customers reached 197,800, a year-on-year increase of 12.61%, with high-net-worth clients growing by 16.34%[94] Risk Management and Asset Quality - The company has maintained a strong asset quality, with non-performing loan ratios and provision coverage rates ranking among the top in listed banks[12] - The non-performing loan ratio was 0.74%, a decrease of 0.02 percentage points from the end of the previous year, with a provision coverage ratio of 391.95%[16] - The company emphasizes risk management and compliance, enhancing its risk control capabilities through the integration of big data and AI technologies[12] - The company’s non-performing loan ratio remained stable, with a focus on optimizing loan structures and risk management strategies[147] Digital Transformation and Innovation - The company aims to enhance its digital transformation to support business development and innovate its business model in response to the challenges and opportunities presented by the evolving financial landscape[14] - The company implemented a digital transformation strategy, enhancing data application capabilities and automating reporting processes to improve operational efficiency[19] - The company launched a new version of corporate online banking and mobile banking, enhancing customer experience and achieving a year-on-year increase of 11.65% in corporate electronic channel customers and 17.55% in transaction volume[86] - The company’s small and micro enterprise loan process was fully digitized, improving operational efficiency and risk management[87] Financial Performance Metrics - The company achieved an annual operating income of CNY 5.759 billion, a year-on-year growth of 2.79%, and a total profit of CNY 2.735 billion, up 3.54% year-on-year[16] - The company's operating revenue for 2024 reached CNY 5,759,162,000, representing a 2.79% increase compared to CNY 5,602,714,000 in 2023[37] - The company's basic earnings per share for 2024 was CNY 0.89, down 7.29% from CNY 0.96 in 2023[39] - The liquidity coverage ratio was 153.11% as of December 31, 2024, down from 268.87% in 2023[56] Strategic Initiatives and Recognition - The company has established its first sustainable development (ESG) strategic plan, aiming to become a value-leading bank with a focus on environmental friendliness and good governance[13] - The company received the "2023 Financial Technology Development Award Third Prize" for its cross-strait financial services based on audio and video interaction[59] - The company was recognized as the second-best financial service institution for small and micro enterprises in Xiamen in 2024[59] - The company successfully executed multiple ESG syndicated loans, enhancing its reputation and influence in the industry[107] Challenges and Market Conditions - The company’s personal loan balance was 70.458 billion RMB, a decrease of 4.976 billion RMB or 6.60% year-on-year, primarily due to weak overall credit demand[92] - The non-performing loan ratio for personal loans was reported at 1.25%, attributed to the slow recovery of the real estate market and declining repayment capabilities of some borrowers[101] - The average interest rate on newly issued loans was approximately 3.3%, a decrease of about 0.6 percentage points year-on-year[67] - The company is focusing on optimizing its asset-liability structure and managing interest rate risks amid competitive pressures in the lending market[126]

Financial Performance - Net profit attributable to shareholders decreased by 14.21% year-on-year to RMB 645,491,000 for Q1 2025[7] - Operating income for Q1 2025 was RMB 1,214,412,000, down 18.42% compared to Q1 2024[7] - Basic and diluted earnings per share were both RMB 0.22, a decrease of 15.38% year-on-year[7] - Net profit for Q1 2025 was RMB 663,394 thousand, a decrease of 13.9% compared to RMB 770,002 thousand in Q1 2024[38][40] - Net interest income for Q1 2025 was RMB 940,258 thousand, down from RMB 985,916 thousand in Q1 2024, reflecting a decline of 4.6%[38] - The bank's earnings per share for Q1 2025 was RMB 0.22, compared to RMB 0.26 in Q1 2024, indicating a decrease of 15.4%[40] Asset and Liability Management - Total assets increased by 1.58% year-on-year to RMB 414,237,130,000 as of March 31, 2025[5] - The company's total liabilities increased to RMB 381.76 billion, up 1.69% from the previous year[18] - The bank's total liabilities rose to RMB 381,756,644 thousand as of March 31, 2025, compared to RMB 375,425,635 thousand at the end of 2024, marking an increase of 1.0%[36] - The total loans and advances amounted to RMB 210.58 billion, reflecting a growth of 2.49% compared to the end of the previous year[18] - The total deposits reached RMB 221.38 billion, an increase of 3.37% year-on-year[22] Cash Flow and Financing Activities - Net cash flow from operating activities was RMB 1,621,703,000, a significant improvement from a negative cash flow of RMB -2,192,829,000 in the same period last year[5][12] - The bank's investment activities generated a net cash flow of RMB 2,878,560 thousand in Q1 2025, a significant improvement compared to a net outflow of RMB 1,046,426 thousand in Q1 2024[44] - The net cash flow from financing activities was negative CNY 3,098,105, contrasting with a positive CNY 1,784,514 in the same period last year[45] - The total cash and cash equivalents at the end of Q1 2025 amounted to CNY 19,359,660, down from CNY 26,152,890 at the end of Q1 2024[45] - The net increase in cash and cash equivalents for Q1 2025 was CNY 1,404,423, while there was a decrease of CNY 1,444,220 in Q1 2024[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,118[13] - The largest shareholder, Xiamen Jinyuan Investment Group, holds 19.18% of the shares, totaling 506,147,358 shares[13] Risk Management and Capital Adequacy - The non-performing loan ratio stood at 0.86%, with a provision coverage ratio of 313.57%[19] - The liquidity coverage ratio was reported at 145.87%, down from 153.11% in the previous period[30] - The core tier 1 capital adequacy ratio was 9.56%, showing a slight increase from 9.36%[25] - The company focused on optimizing structure and enhancing risk management efficiency during the first quarter of 2025[17] Non-Recurring Items - The company reported a total of RMB 1,087,000 in non-recurring gains and losses for Q1 2025, compared to RMB 208,000 in Q1 2024[10] - The bank's credit impairment losses decreased significantly to RMB 27,935 thousand in Q1 2025 from RMB 133,196 thousand in Q1 2024, a reduction of approximately 79.0%[38]

Investment Rating - The industry investment rating is "Positive" and maintained [12] Core Insights - The Longjiang Bank Index increased by 0.6% this week, outperforming the CSI 300 Index by 0.2% and underperforming the ChiNext Index by 1.4%. The banking sector's defensive attributes have gained traction due to a decline in market risk appetite [2][6] - The performance of listed banks remains stable, with city commercial banks exceeding expectations in their Q1 reports, supporting upward valuation adjustments. Notably, Chongqing Bank and Nanjing Bank reported significant year-on-year growth in net interest income of 28% and 18%, respectively, driven by a low base from last year and improved interest margins [2][7][29] Summary by Sections Market Performance - The Longjiang Bank Index's performance reflects a shift towards defensive investments in the banking sector amid rising risk aversion. The index's performance is supported by the positive earnings reports from major banks [2][6] Earnings Reports - As of April 25, 2025, 15 A-share listed banks have disclosed their Q1 earnings. Most banks reported positive revenue growth, with only two banks experiencing declines. The net profit for all but one bank also showed positive growth. The asset quality remains stable, with non-performing loan ratios generally declining or stable [7][29] - The rebound in net interest income growth is a key highlight, with nine banks reporting year-on-year increases. The overall improvement in net interest margins is attributed to a significant reduction in funding costs [29][30] Dividend Yields - As of April 25, 2025, the average dividend yield for the five major state-owned banks in A-shares is 4.5%, with a spread of 280 basis points over the 10-year government bond yield. The H-shares have an average yield of 6.0%, with a spread of 435 basis points, indicating a more attractive yield in the H-share market [6][23] Monetary Policy Insights - The Central Political Bureau meeting on April 25, 2025, reiterated the need for timely interest rate cuts and reserve requirement ratio reductions. The meeting emphasized the creation of new structural monetary policy tools to support technological innovation and consumption expansion [35][37]

Group 1 - The "Ronghui Building" project has received domestic investment project filing approval as of April 25, 2025, according to the Fujian Provincial Investment Project Online Approval and Supervision Platform [1] - Xiamen Bank acquired the land parcel 2022-17 in the Gulou District for 139 million yuan, with a floor price of 12,006 yuan per square meter, reflecting a premium rate of 14.88% [2][4] - The land area is approximately 4,505 square meters (equivalent to 6.76 acres) and is designated for business office and park green space [4] Group 2 - The building will have a floor area ratio of 2.57 and a height limit of 50 meters, with the business portion allowed for layered sales [5] - The "Ronghui Building" is expected to serve as the headquarters for Xiamen Bank's Fuzhou branch, with some business sections potentially available for external sales [5] - Xiamen Bank is a mixed-ownership bank with major shareholders including the Jin Yuan Group (19.18%) and Fubon Financial Holding (18.03%), and it has total assets of 389.988 billion yuan as of December 2024 [6]