北京市通商律师事务所 关于中国建设银行股份有限公司 2024年第二次临时股东大会的法律意见书 一、本次股东大会的召集、召开程序及召集人资格 致:中国建设银行股份有限公司 北京市通商律师事务所(以下简称"本所")接受中国建设银行股份有限公 司(以下简称"公司")的委托,根据《中华人民共和国公司法》《中华人民共 和国证券法》《上市公司股东大会规则》以及其他相关法律、法规及规范性文件 (以下简称"相关法律法规")和《中国建设银行股份有限公司章程》(以下简 称"公司章程")的相关规定,指派律师出席公司 2024年第二次临时股东大会 (以下简称"本次股东大会"),并就本次股东大会相关事宜出具本法律意见书。 为出具本法律意见书,本所律师特作如下声明: 1. 公司已向本所保证和承诺,公司就本次股东大会提供给本所的文件和材 料真实、准确、完整,不存在任何隐瞒、虚假记载、误导性陈述和重大遗漏, 其所提供的复印材料、副本材料均与原件具有一致性。 2. 本法律意见书仅根据中国(为本法律意见书之目的,不包括香港特别行 政区、澳门特别行政区和台湾地区)有关法律法规和公司章程的规定对本次股 东大会的召集和召开程序、召集人资格、出席本次股 ...

中国建设银行股份有限公司董事会 2024 年 11 月 18 日 根据本期债券募集说明书的相关规定，本期债券设有发行人有条 件赎回条款，本行有权在本期债券第 5 个计息年度的付息日（即 2024 年 11 月 15 日），全部或部分赎回本期债券。近期本行已取得国家金 融监督管理总局出具的对赎回本期债券无异议的复函。 截至本公告日，本行已行使赎回权，全额赎回了本期债券。 特此公告。 中国建设银行股份有限公司 关于境内无固定期限资本债券赎回完成的公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2019 年 11 月，中国建设银行股份有限公司（以下简称本行）在 全国银行间债券市场发行了规模为人民币 400 亿元的无固定期限资 本债券（以下简称本期债券），并在上海证券交易所（www.sse.com.cn） 刊载《关于无固定期限资本债券发行完毕的公告》。 股票代码：601939 股票简称：建设银行 公告编号：临 2024-049 ...

本行董事会对王兵先生的重要贡献给予高度评价并深表感谢。 1 根据《上海证券交易所股票上市规则》，本行董事会秘书空缺期 间，由本行董事长张金良先生代行董事会秘书职责。 股票代码：601939 股票简称：建设银行 公告编号：临 2024-048 中国建设银行股份有限公司 关于副行长兼董事会秘书王兵辞任的公告 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国建设银行股份有限公司（以下简称本行或建设银行）董事会 今日收到王兵先生辞呈。因工作调动，王兵先生提请辞去本行副行长 及董事会秘书职务。王兵先生的上述辞呈自 2024 年 11 月 15 日起生 效。 王兵先生确认与本行董事会无不同意见，没有其他事项需要通知 本行股东，承诺将依法严守本行商业秘密。王兵先生对本行董事、监 事及高级管理人员的支持和帮助表示真诚的感谢，并祝愿建设银行事 业蓬勃发展。 王兵先生在本行工作期间，以增强"三个能力"为根本遵循，全 面推进商投行一体化和本外币境内外一体化，持续提升客群经营能力， 聚力服务新质生产力，推动普惠金融提质增效，着力增强参与国际竞 争能 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company's profit growth has turned positive, with a significant improvement in quarterly performance. For the first three quarters of 2024, revenue decreased by 3.3% year-on-year, while net profit attributable to shareholders increased by 0.1%. In Q3 alone, revenue decreased by 2.7% year-on-year, but net profit increased by 3.8%, indicating an upward trend in performance [1][2] - Asset expansion has accelerated, although loan growth has slightly slowed. As of September 2024, total assets increased by 8.1% year-on-year, and loans grew by 9.0%. The company is actively promoting various initiatives, with significant growth in loans to technology enterprises, green loans, and inclusive finance loans [2] - The net interest margin has narrowed, with a net interest margin of 1.52% for the first three quarters of 2024, down 23 basis points year-on-year, but the decline has slowed compared to the first half of the year [2] - The company's asset quality remains stable, with a non-performing loan ratio of 1.35% as of September 2024, and a provision coverage ratio of 237% [4] Summary by Sections Financial Performance - For the first three quarters of 2024, net interest income decreased by 5.9% year-on-year, while fee income fell by 10.3%. Investment-related income surged by 154.1%, driven by fluctuations in exchange rates and capital markets [1][2] - The company has adjusted its EPS forecasts for 2024 and 2025 to 1.33 yuan and 1.35 yuan, respectively, with an estimated net asset value per share of 12.72 yuan by the end of 2024 [3] Asset and Liability Management - As of September 2024, total assets reached approximately 41.83 trillion yuan, with loans amounting to about 25.16 trillion yuan. The company has seen a notable increase in deposits, with personal deposits growing by 7.5% year-on-year [2][5] Capital Adequacy - As of September 2024, the company's core Tier 1 capital ratio, Tier 1 capital ratio, and total capital adequacy ratio were 14.10%, 15.00%, and 19.35%, respectively [2]

证券代码：601939 证券简称：建设银行 公告编号：2024-047 中国建设银行股份有限公司 关于召开 2024 年第二次临时股东大会的通知 本行董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、召开会议的基本情况 (一) 股东大会类型和届次 2024 年第二次临时股东大会 日期时间：2024 年 11 月 28 日 14:45 地点：北京市西城区金融大街 25 号 1 股东大会召开日期：2024年11月28日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 (五) 网络投票的系统、起止日期和投票时间 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 11 月 28 日 (七) 涉及公开征集股东投票权 无 二、会议审议事项 | | | | 序号 | | | 议案名称 | 投票股东 类型 | | --- | ...

中国建设银行股份有限公司2024 年第二次临时股东大会会议资料 中国建设银行股份有限公司 2024 年第二次临时股东大会 会议资料 中国建设银行股份有限公司2024 年第二次临时股东大会会议资料 议案一： 中国建设银行股份有限公司董事会 二〇二四年十一月八日 1 中国建设银行股份有限公司2024 年第二次临时股东大会会议资料 2024 年第二次临时股东大会文件目录 审议事项 普通决议案 2 1. 关于本行 2024 年度中期利润分配方案的议案 2. 关于新增 2024 年度公益捐赠额度的议案 3. 关于提请股东大会授权董事会办理董事、监事及高级管理人员责 任险事宜的议案 4. 关于本行 2023 年度董事薪酬分配清算方案的议案 5. 关于本行 2023 年度监事薪酬分配清算方案的议案 关于本行 2024 年度中期利润分配方案的议案 各位股东： 根据经审阅的按照中国会计准则和国际财务报告准则编制的 2024 年上半年财务报告，2024 年上半年，集团口径下归属于本行股 东税后利润人民币 1,643.26 亿元，向全体普通股股东（于 2025 年 1 月 9 日收市后名列股东名册的股东）派发现金股息人民币 492 ...

Core Viewpoint - The 18th Shenzhen International Financial Expo showcases China Construction Bank Shenzhen Branch's commitment to innovation and support for the real economy, emphasizing the integration of financial technology and services to enhance productivity and meet national strategic goals [1][2]. Group 1: Financial Technology and Services - Shenzhen Construction Bank focuses on developing a comprehensive financial service system that includes technology finance, cross-border services, and wealth management, aiming to enhance service efficiency for various enterprise sizes [2][3]. - The bank has established a "Technology Financial Innovation Center" and specialized teams to promote high-quality development in technology finance, demonstrating its commitment to supporting local tech enterprises [2][3]. - The bank's digital platforms, such as the e-loan service, significantly reduce loan approval times, showcasing its innovative approach to serving small and medium-sized enterprises [2][3]. Group 2: Cross-Border and Integrated Services - Shenzhen Construction Bank offers integrated domestic and foreign currency services, supporting enterprises in cross-border operations, construction, and mergers [2][3]. - The bank has launched the "Dragon Enterprise Exchange" service brand, providing unique cross-border financial products tailored to different trade scenarios, enhancing its service offerings for foreign trade and investment [3][4]. Group 3: Inclusive Finance and Wealth Management - The bank has pioneered products like "Cloud Quick Loan" for small enterprises, addressing urgent funding needs with rapid processing times [5][6]. - Shenzhen Construction Bank has disbursed over 9.5 trillion yuan in inclusive finance loans, benefiting over 150,000 small enterprises and impacting 4.5 million jobs [5][6]. - The bank emphasizes wealth management services, focusing on retirement planning and comprehensive financial solutions, leveraging its diverse financial licenses [5][6]. Group 4: Commitment to National Development - Shenzhen Construction Bank has a long-standing tradition of supporting national construction projects, providing cost consulting services for major infrastructure developments [6][7]. - The bank's strategic initiatives align with national policies, aiming to foster high-quality financial services and contribute to the development of the Shenzhen Special Economic Zone [6][7].

Investment Rating - The investment rating for the company is "Buy" with a target price of 9.75 CNY, indicating a potential upside of 21% from the current price of 8.06 CNY [1][4]. Core Insights - The company's revenue for the first three quarters of 2024 was approximately 569 billion CNY, with a year-over-year growth of 0.13% in net profit attributable to shareholders, indicating a recovery in profit growth [2][21]. - The non-performing loan ratio stood at 1.35%, with a non-performing loan coverage ratio of 237.0%, reflecting a stable asset quality [3][19]. - The net interest margin for the first three quarters of 2024 was 1.52%, showing a slight decline of 2 basis points compared to mid-2024, suggesting that pressure on interest margins may ease in the future [10][21]. Financial Performance Summary - Revenue for 2024 is projected to be 813.4 billion CNY, with a growth rate of 5.67% expected in 2024, followed by 7.04% in 2025 and 9.33% in 2026 [22]. - The net profit attributable to shareholders is forecasted to grow by 0.63% in 2024, 2.65% in 2025, and 4.54% in 2026, with corresponding earnings per share of 1.34 CNY, 1.37 CNY, and 1.44 CNY respectively [21][22]. - The bank's total assets reached 427,859 billion CNY by the end of 2024, with a significant increase in interest-earning assets [22]. Asset and Liability Management - As of the third quarter of 2024, the total interest-earning assets amounted to 401,076 billion CNY, reflecting a quarter-on-quarter increase of 1.6% [3][15]. - The total interest-bearing liabilities were 357,687 billion CNY, with a quarter-on-quarter increase of 1.9%, indicating a stable growth in liabilities [3][15]. Asset Quality and Provisioning - The non-performing loan balance was 346.9 billion CNY, maintaining a ratio of 1.35%, which is consistent with the previous quarter [19][20]. - The loan provision coverage ratio was reported at 237.0%, indicating a robust ability to cover potential loan losses [19][20]. Valuation and Forecast - The target price of 9.75 CNY corresponds to a price-to-book ratio of 0.72x for 2024, suggesting a favorable valuation compared to the current market price [4][21]. - The bank's return on average assets (ROAA) is projected to be 0.83% in 2024, with a return on average equity (ROAE) of 9.89% [22].

Investment Rating - Maintains a "Buy" rating for China Construction Bank (CCB) [4][6] Core Views - CCB's net interest margin (NIM) decline has narrowed, and profit growth has turned positive [1][4] - Revenue growth for 2024Q1-Q3 increased by 0.27pct compared to 2024H1, driven by improved non-interest income [2][6] - Other non-interest income reached 430.61 billion yuan, up 71.50% YoY, with a 15.74pct increase compared to 2024H1 [2][6] - Net profit growth turned positive, with contributions from scale expansion and provision replenishment [6] - Loan balance as of 2024Q3 was 25.70 trillion yuan, up 8.87% YoY, with significant growth in bill financing [6] - NIM for 2024Q1-Q3 was 1.52%, a 2bp decline from 2024H1, with narrowing decline due to improved liability costs [6] - Non-performing loan (NPL) ratio remained stable at 1.35%, with NPL balance at 3469.06 billion yuan, up 5.13% YoY [6] - Provision coverage ratio was 237.03%, and core tier 1 capital adequacy ratio improved to 14.10% [6] Financial Performance - 2024Q1-Q3 revenue was 5690.22 billion yuan, up 3.30% YoY, with net profit of 2557.76 billion yuan, up 0.13% YoY [6] - Contribution to net profit from interest-earning assets, NIM, other non-interest income, and provisions were +9.71%, -15.61%, +3.33%, and +3.20% respectively [6] - Forecasted revenue for 2024-2026 is 7566/7756/8053 billion yuan, with a 3-year CAGR of 1.52% [6] - Forecasted net profit for 2024-2026 is 3330/3389/3516 billion yuan, with a 3-year CAGR of 1.87% [6] Industry and Valuation - CCB operates in the banking sector, specifically large state-owned banks [4] - Current stock price is 8.08 yuan, with a total market capitalization of 77,516.75 million yuan [4] - EPS for 2024E is 1.30 yuan, with a PE ratio of 5.47 and PB ratio of 0.56 [7]

Investment Rating - The report maintains an "Accumulate" rating for China Construction Bank [4][3] Core Views - The performance of China Construction Bank in Q3 2024 slightly exceeded expectations, with a positive growth rate in net profit for the quarter. However, the bank continues to face downward pressure on its interest margin, while asset quality remains stable [3][4] - The net profit growth forecast for China Construction Bank has been adjusted to 0.47% for 2024, 1.15% for 2025, and 2.78% for 2026, with corresponding EPS estimates of 1.34, 1.35, and 1.39 yuan respectively. The target price has been raised to 9.29 yuan, reflecting a 0.72 times PB for 2024 [3][4] Summary by Sections Financial Performance - In Q3 2024, the bank's revenue growth rate was -2.7% year-on-year, with net interest income declining by 7.3% due to slowing credit growth and narrowing interest margins. However, non-interest income saw a significant increase of 107.5%, primarily driven by foreign exchange business, which generated 4.51 billion yuan in Q3 [3][4] - The bank's Q3 2024 net profit growth rebounded to 3.8%, aided by a 24.5% reduction in impairment losses, resulting in a total of 21.9 billion yuan for the quarter [3][4] Asset and Liability Management - As of the end of Q3 2024, total assets grew by 8.1% year-on-year, with loans increasing by 9.0%. The bank added 307 billion yuan in loans during the quarter, with retail loans contributing 36.7 billion yuan [3][4] - Total liabilities increased by 8.2% year-on-year, while deposits grew by 2.5%. The net interest margin for the first three quarters of 2024 was 1.52%, a decrease of 2 basis points from the first half of the year [3][4] Asset Quality - The non-performing loan (NPL) ratio remained stable at 1.35% as of Q3 2024, with a provision coverage ratio of 237%, down by 1.7 percentage points from the previous quarter [3][4]