Shareholders Meetings

According to the Articles of the Bank, the Shareholders’ general meeting shall be the highest organ of power of the Bank. The Shareholders’ general meeting shall exercise, including but not limited to, the following powers in accordance with the laws: to review and approve the rules of procedure for Shareholders’ general meetings, the Board and the Board of Supervisors of the Bank; to elect and remove Directors,Shareholders’ representative Supervisors and external Supervisors, and determine the remuneration of the relevant Directors and Supervisors; to review and approve the reports of the Board of Directors and the Board of Supervisors; to amend the Articles of the Bank; to resolve on the listing or other fund-raising arrangements of the Bank; to review and approve matters concerning changes of the use of funds raised by the Bank; toresolve on an increase or reduction in the share capital and the issuance of any class of shares, warrants and other similar securities of the Bank; to decide on the repurchase of the shares of the Bank; to review and approve the equity incentive plans of the Bank; to resolve on matters such as financial restructuring, merger, division, dissolution and liquidation of the Bank; to resolve on the issuance of bonds of the Bank; to decide on operational objectives and investment proposals of the Bank; to review and approve annual financial budget plans, final account plans, profit distribution plans and loss recovery plans of the Bank; to examine and approve important guarantees stipulated in the Article 80 of the Articles of the Bank; to examine and approve any major investment matters by the Bank beyond its business scope with the amount exceeding 20% of the latest audited net assets of the Bank; to examine and approve any purchase or sale of major assets beyond the business scope of the Bank with the amount exceeding 20% of the latest audited net assets of the Bank (the purchases or sales of the same or relevant assets in consecutive 12 months shall be calculated on a cumulative basis); to examine and approve the reports of the Board on implementation of related party transactions management system and on related party transactions; to decide on the engagement, dismissal or discontinuation of the appointment of the accounting firm responsible for auditing the Bank; to listen to the Board of Supervisors’ reports on the performance evaluation results concerning the Board, senior management and members thereof and the self-evaluation and supervisors’ performance evaluation results; to examine proposals raised by the Shareholders who individually or jointly hold above 3% of the total issued and outstanding voting shares of the Bank; toexamine other issues which should be decided by the Shareholders’ general meeting as stipulated by the laws, regulations and the Articles of the Bank.

The universality and diversity of the composition of Shareholders of the Bank enabled the Shareholders’ general meeting of the Bank to get manifold comments and accumulate various advantages, which allows the Shareholders’ general meeting to make decisions scientifically and democratically.