Clarification of Terms and Definitions in Bank of Qingdao Co., Ltd.'s 2022 Annual General Meeting

Strategic Insights -

The Bank of Qingdao Co., Ltd. has released a circular outlining the terms and definitions to be used in the context of its 2021 Annual General Meeting (AGM). The circular clarifies the meanings of various expressions, including those related to the Bank's shares, financial reporting, and regulatory bodies. The definitions are intended to provide clarity and consistency in the context of the AGM.

Key Takeaways:

  • The circular defines 14 key terms and expressions related to the Bank's shares, financial reporting, and regulatory bodies.
  • The definitions are intended to provide clarity and consistency in the context of the 2021 AGM.
  • The circular includes definitions for Hong Kong dollars, Hong Kong Stock Exchange, and other relevant terms.
  • The Bank's ordinary shares (A Shares) are listed on the Shenzhen Stock Exchange (SZSE), while its overseas listed foreign shares (H Shares) are listed on the Hong Kong Stock Exchange.
  • The circular also defines the meanings of "Board", "Board of Supervisors", and other key terms related to the Bank's governance structure.

Statistics:

  • The Bank's A Shares are listed on the Shenzhen Stock Exchange (SZSE) under stock code 002948.
  • The Bank's H Shares are listed on the Hong Kong Stock Exchange (HKSE) under stock code 3866.
  • The issuance of non-cumulative perpetual overseas preference shares by the Bank totals US$1.203 billion.
  • The dividend rate for the preference shares is 5.50%.

Sources:

  • Bank of Qingdao Co., Ltd. (2022) - Circular Regarding the 2021 AGM. Retrieved from https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0414/2022041401357.pdf.