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 state-owned large bank sector experienced a decline of 0.68% on November 7, with Agricultural Bank leading the drop [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Market Performance - The closing prices and changes for major state-owned banks are as follows: - Bank of China: 5.64, down 0.35% - Bank of Communications: 7.31, down 0.41% - Industrial and Commercial Bank of China: 8.05, down 0.49% - China Construction Bank: 9.39, down 0.53% - Postal Savings Bank: 5.80, down 0.85% - Agricultural Bank: 8.08, down 0.98% [1] Capital Flow - The state-owned large bank sector saw a net outflow of 255 million yuan from main funds, while retail investors contributed a net inflow of 251 million yuan [1] - The detailed capital flow for individual banks is as follows: - Bank of Communications: Main funds net inflow of 52.52 million yuan, retail net inflow of 34.41 million yuan - Industrial and Commercial Bank: Main funds net outflow of 22.51 million yuan, retail net inflow of 72.97 million yuan - Bank of China: Main funds net outflow of 36.09 million yuan, retail net inflow of 46.71 million yuan - China Construction Bank: Main funds net outflow of 44.38 million yuan, retail net inflow of 16.83 million yuan - Postal Savings Bank: Main funds net outflow of 53.25 million yuan, retail net inflow of 31.40 million yuan - Agricultural Bank: Main funds net outflow of 15.17 million yuan, retail net inflow of 48.80 million yuan [2]

Core Viewpoint - *ST Qingyan (301288.SZ) announced a significant reduction in shareholding by its shareholders, Lihe Venture Capital and Qingyan Venture Capital, indicating a shift in ownership dynamics within the company [1] Shareholding Changes - From November 5 to November 6, 2025, Lihe Venture Capital and Qingyan Venture Capital collectively reduced their holdings by 1,233,300 shares, representing 1.14% of the company's current total share capital (1.16% when excluding repurchased shares) [1] - After this reduction, Lihe Venture Capital, Qingyan Venture Capital, and Lihe Hongxin together hold a total of 8,209,976 shares, which accounts for 7.60% of the company's total share capital (7.72% when excluding repurchased shares) [1]

Core Viewpoint - China Agricultural Bank (601288) announced a scheduled maintenance of its production system to enhance service efficiency, which will temporarily affect certain online services [1] Group 1: Service Impact - The maintenance is set to occur from November 8, 2025, at 23:00 to November 9, 2025, at 01:00 [1] - During this period, online corporate and personal credit authorization and credit report inquiry functions will experience one to two service interruptions lasting up to 30 minutes each [1] - The online credit business processing will show an unavailable prompt for credit inquiries [1] Group 2: Customer Communication - The bank expresses apologies for any inconvenience caused and encourages customers to plan their business activities accordingly [1] - Customers are advised to contact the bank's customer service hotline for assistance if needed [1]

Core Viewpoint - China Agricultural Bank announced a scheduled system maintenance upgrade for its large and small payment systems on November 8, 2025, which will affect certain transaction capabilities during the maintenance window [1] Summary by Relevant Sections - **System Maintenance Details** - The maintenance will occur from 20:00 to 22:50 on November 8, 2025 [1] - During this period, specific transactions initiated through personal mobile banking, online banking, and super counters will be delayed [1] - **Transaction Impact** - Cross-bank transfer transactions initiated between 20:00 on November 7 and 22:50 on November 8 will experience a 24-hour delay and cannot be canceled during the maintenance window [1] - Transactions initiated between 18:00 and 22:50 on November 8 will have a 2-hour delay and also cannot be canceled during the maintenance [1] - **Other Services** - Other services within the large and small payment systems will not be affected by this maintenance upgrade [1] - **Customer Communication** - The bank expressed apologies for any inconvenience caused and encouraged customers to plan their transactions accordingly [1]