CCB(601939) 证券之星·2025-04-03 11:35Core Viewpoint - China Construction Bank plans to hold its first extraordinary general meeting of shareholders in 2025, where several key proposals will be discussed, including financial bond issuance, profit distribution, and the election of new directors [1][3][10]. Proposal Summaries - Proposal 1: Annual Financial Bond Issuance Plan The bank proposes to issue financial bonds not exceeding 745 billion RMB in 2025, subject to regulatory approvals [1][2]. - Proposal 2: 2024 Profit Distribution Plan The bank plans to distribute a total cash dividend of 1,007.54 billion RMB for 2024, with a dividend payout ratio of 30%, translating to 0.403 RMB per share [3][4]. - Proposal 3: Election of Non-Executive Director Li Li is nominated to serve as a non-executive director for a term of three years, pending regulatory approval [5][6]. - Proposal 4: Election of Independent Director Zhang Weiguo is nominated as an independent director for a three-year term, also subject to regulatory approval [7][8]. - Proposal 5: Conditions for Issuing A Shares to Specific Objects The bank seeks to issue A shares to specific investors to support high-quality economic development and enhance capital structure [10][11]. - Proposal 6: Specific A Share Issuance Plan The bank plans to issue A shares at a price of 9.27 RMB per share, with a total issuance not exceeding 1,050 billion RMB [11][14]. - Proposal 7: Feasibility Analysis Report A report on the feasibility of the A share issuance is prepared to support the proposal [17][18]. - Proposal 8: Dilution of Immediate Returns and Compensation Measures The bank has prepared a report addressing the potential dilution of immediate returns from the A share issuance and related compensation measures [19][20]. - Proposal 9: Future Shareholder Return Plan A three-year shareholder return plan (2025-2027) is proposed to ensure reasonable and stable returns for shareholders [21][22]. - Proposal 10: No Need for Previous Fund Usage Report The bank states that there is no need to prepare a report on the usage of previously raised funds, as it has not raised funds through certain methods in the last five years [23][24]. - Proposal 11: Signing of Subscription Agreement The bank has signed a conditional subscription agreement with the Ministry of Finance for the A share issuance [25][26]. - Proposal 12: Strategic Investment from the Ministry of Finance The bank aims to introduce strategic investment from the Ministry of Finance through the A share issuance [21][22]. - Proposal 13: Authorization for Board to Handle Issuance Matters The bank seeks authorization for the board to manage all matters related to the A share issuance [22][23].