Annual Results Announcement for the Year Ended 31 December 2019
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 998) ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2019 The board of directors (the “Board of Directors”) of China CITIC Bank Corporation Limited (the “Bank”) is pleased to announce the annual results of the Bank and its subsidiaries (the “Group”) for the year ended 31 December 2019. This annual results announcement contains the annual report of the Bank for the year ended 31 December 2019, the contents of which were prepared in accordance with the applicable disclosure requirements under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Hong Kong Listing Rules”). The annual financial information of the Group for the year ended 31 December 2019 has been reviewed by PricewaterhouseCoopers in accordance with Hong Kong Review Standard. The annual results have also been reviewed by the Audit and Related Party Transactions Control Committee under the Board of Directors. This annual results announcement is published on the websites of the Bank (www.citicbank.com) and The Stock Exchange of Hong Kong Limited (www.hkexnews.hk). The annual report of the Bank for the year ended 31 December 2019 will be dispatched to shareholders and will also be available at the abovementioned websites in due course. CLOSURE OF REGISTER OF MEMBERS The 2019 Annual General Meeting will be held on Wednesday, 20 May 2020. The Bank’s register of members will be closed from Monday, 20 April 2020 to Wednesday, 20 May 2020 (both dates inclusive) and from Tuesday, 26 May 2020 to Friday, 29 May 2020 (both dates inclusive). In order to qualify for attending and voting at the 2019 Annual General Meeting of the Bank, unregistered holders of H shares of the Bank should ensure that all share transfer documents together with the relevant share certificates must be lodged with the Bank’s H share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Center, 183 Queen’s Road East, Wanchai, Hong Kong no later than 4:30 p.m. on Friday, 17 April 2020. 1 In order to qualify for receiving the final dividend proposed by the Bank, which is subject to the shareholders’ approval at the forthcoming 2019 Annual General Meeting of the Bank, holders of H share of the Bank should ensure that all share transfer documents together with the relevant share certificates must be lodged with the Bank’s H share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited at the address specified above no later than 4:30 p.m. on Monday, 25 May 2020. If the Bank’s proposal for final dividend distribution is approved by the shareholders at the forthcoming 2019 Annual General Meeting, the Bank will engage Bank of China (Hong Kong) Trustees Ltd. as the receiving agent in Hong Kong for payment of the H-shares dividend. The final dividends will be distributed by the receiving agent to the H shareholders of the Bank as shown on the Bank’s register of members on Friday, 29 May 2020. The Bank plans to distribute the 2019 annual dividends to H shareholders on Wednesday, 15 July 2020. If there is any change to the expected dividend distribution date, the Bank will publish an announcement regarding such changes. By order of the Board of Directors China CITIC Bank Corporation Limited Li Qingping Chairperson Beijing, the PRC 26 March 2020 As at the date of this announcement, the executive directors of the Bank are Ms. Li Qingping (Chairperson) and Mr. Fang Heying (performing duties of the President); the non-executive directors are Mr. Cao Guoqiang, Ms. Huang Fang and Mr. Wan Liming; and the independent non-executive directors are Mr. He Cao, Ms. Chen Lihua, Mr. Qian Jun and Mr. Yan Lap Kei Isaac. 2 CORPORATE PROFILE China CITIC Bank was founded in 1987. It is one of the earliest emerging commercial banks established during China’s reform and opening up and also China’s first commercial bank participating in financing at both domestic and international financial markets. A keen contributor to China’s economic development, the Bank is renowned at home and abroad for brushing numerous track records in the modern Chinese financial history. In April 2007, the Bank simultaneously listed its A and H shares at the Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited. The Bank aspires to become a unique and responsible enterprise offering the best comprehensive financial services with dignity and a human touch. To attain this development vision, the Bank fully leverages on the unique competitive advantages of CITIC Group in placing financial and non-financial businesses on an equal footing, and at the same time holds firm to its “customer orientation” and adheres to the business concept of “safe CITIC Bank, compliant operation, science and technology for growth, serving the real economy, market orientation and value creation”. For corporate customers and institutional customers, the Bank offers integrated financial solutions in corporate banking business, international business, financial markets business, institutional banking business, investment banking business, transaction banking business and custody business. For individual customers, the Bank provides diversified financial products and services in retail banking, credit card, consumer finance, wealth management, private banking, going abroad finance and e-banking. As such, the Bank satisfies the needs of corporate, institutional and individual customers for comprehensive financial services on all fronts. As at the end of 2019, the Bank had 1,401 outlets in 151 large and medium-sized cities in China and 6 affiliates at home and abroad including CITIC International Financial Holdings Limited, CNCB (Hong Kong) Investment Co., Ltd., CITIC Financial Leasing Co., Ltd., Zhejiang Lin’an CITIC Rural Bank Limited, CITIC aiBank Corporation Limited, and JSC Altyn Bank. CITIC Bank International Limited, a subsidiary of CIFH, recorded 38 outlets in Hong Kong SAR, Macau SAR, New York, Los Angeles, Singapore and the Chinese mainland. CNCB (Hong Kong) Investment Co., Ltd. had 3 subsidiaries in Hong Kong and the Chinese mainland. CITIC aiBank Corporation Limited, a joint venture co-sponsored by the Bank and Baidu, was the first independent legal entity practicing direct banking in China. JSC Altyn Bank had 7 outlets and 1 private banking center in Kazakhstan. The Bank has persevered in serving the real economy, engaging in stable healthy business operation and keeping abreast with the times. Thriving through over 30 years’ growth and expansion, the Bank has become a financial conglomerate with strong comprehensive competitiveness and powerful brand influence, registering more than RMB6 trillion total assets and nearly 60,000 employees. In 2019, The Banker magazine of the United Kingdom rated the Bank the 19th on its list of the “Top 500 Global Bank Brands” and the 26th on its list of the “Top 1,000 World Banks” in terms of tier-one capital. 3 IMPORTANT NOTICE The Board of Directors, the Board of Supervisors, directors, supervisors and senior management members of the Bank guarantee that the information contained in the 2019 Annual Report does not include any false records, misleading statements or material omissions, and assume several and joint liabilities for its truthfulness, accuracy and completeness. The meeting of the Board of Directors of the Bank adopted the full text and summary of the Bank’s 2019 Annual Report on 26 March 2020. All of the 10 eligible directors attended the meeting. The supervisors and senior management members of the Bank attended the meeting as non-voting delegates. The 2019 annual financial reports that the Bank prepared in accordance with the PRC Accounting Standards and the International Financial Reporting Standards (IFRS) were audited respectively by PricewaterhouseCoopers Zhong Tian LLP (Special and General Partnership) and PricewaterhouseCoopers in accordance with the auditing standards of the Chinese mainland and Hong Kong SAR respectively, with both firms producing an auditor’s report with a standard unqualified audit opinion. Ms. Li Qingping as Chairperson of the Board of Directors, Mr. Fang Heying as President and concurrently Chief Financial Officer of the Bank and Ms. Li Peixia as General Manager of the Finance and Accounting Department of the Bank hereby declare and guarantee the truthfulness, accuracy and completeness of the financial report contained in the Bank’s 2019 Annual Report. Profit Distribution Plan: Chapter 4 “Report of Board of Directors – Profit and Dividend Distribution of Ordinary Shares” of this report discloses the Bank’s Profit Distribution Plan for 2019 as reviewed and adopted by the Board of Directors and to be submitted to the 2019 Annual General Meeting for deliberation. The plan proposes to pay a cash dividend of RMB2.39 per 10 shares (before tax). No scheme for transfer of capital reserve to share capital will be applied for the current year. Cautionary note on forward-looking statements: Forward-looking statements such as future plans and development strategies contained in this report do not constitute substantive commitments of the Bank to its investors. Investors and relevant persons are kindly reminded to maintain adequate risk awareness of such statements and understand the differences between plans, forecasts and commitments. Material risk reminder: During the reporting period, the Bank was not aware of any material risk that would adversely affect its future development strategies and business targets.