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INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED

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Industrial and Commercial Bank of China : Approval of the Qualification of Senior Executive Vice President by the CBIRC

06/03/2021 | 06:03am EDT

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.

Stock Code: 1398

EUR Preference Shares Stock Code: 4604

USD Preference Shares Stock Code: 4620

ANNOUNCEMENT ON THE APPROVAL OF

THE QUALIFICATION OF

SENIOR EXECUTIVE VICE PRESIDENT BY THE CBIRC

The Board of Directors of Industrial and Commercial Bank of China Limited (the "Bank") approved the appointment of Mr. Zhang Weiwu as Senior Executive Vice President of the Bank on 29 April 2021. Recently, the Bank received the "China Banking and Insurance Regulatory Commission's Approval in relation to the Qualification of Zhang Weiwu of Industrial and Commercial Bank of China" (Yin Bao Jian Fu [2021] No. 412). Pursuant to the relevant requirements, the qualification of Mr. Zhang Weiwu as Senior Executive Vice President of the Bank has been approved by the China Banking and Insurance Regulatory Commission (the "CBIRC"). The appointment of Mr. Zhang Weiwu as Senior Executive Vice President of the Bank has become effective.

Please refer to the Announcement of the Resolutions of the Board of Directors dated 29 April 2021 for the biography of Mr. Zhang Weiwu.

The Board of Directors of

Industrial and Commercial Bank of China Limited

Beijing, PRC

3 June 2021

As at the date of this announcement, the Board of Directors comprises Mr. CHEN Siqing and Mr. LIAO Lin as executive directors, Mr. LU Yongzhen, Mr. ZHENG Fuqing, Mr. FENG Weidong and Ms. CAO Liqun as non-executive directors, Mr. Anthony Francis NEOH, Mr. YANG Siu Shun, Mr. SHEN Si, Mr. Nout WELLINK and Mr. Fred Zuliu HU as independent non-executive directors.

Disclaimer

ICBC - Industrial and Commercial Bank of China Limited published this content on 03 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2021 10:02:01 UTC.


© Publicnow 2021
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Financials
Sales 2021 890 B 138 B 138 B
Net income 2021 323 B 49 956 M 49 956 M
Net Debt 2021 - - -
P/E ratio 2021 3,99x
Yield 2021 7,71%
Capitalization 1 549 B 240 B 240 B
Capi. / Sales 2021 1,74x
Capi. / Sales 2022 1,62x
Nbr of Employees 439 787
Free-Float 67,5%
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Industrial and Commercial Bank of China Limited Technical Analysis Chart | 1398 | CNE1000003G1 | MarketScreener
Technical analysis trends INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 26
Last Close Price 3,59 CNY
Average target price 5,49 CNY
Spread / Average Target 52,9%
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Managers and Directors
Lin Liao Vice Chairman & President
Wen Wu Zhang Senior Executive VP, GM-Finance & Accounting
Si Qing Chen Chairman
Liang Bo Huang Chairman-Supervisory Board
Xiang Jiang Wu Member-Supervisory Board
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