Industrial and Commercial Bank of China (ICBC) | Proposal on the Materials Donation for Epidemic Prevention and Control in 2020

Status
99.98% votes in favour
AGM date
Previous AGM date
Proposal number
11
Resolution details
Company ticker
601398
Lead filer
Undisclosed filer
Resolution ask
Adopt or amend a policy
ESG theme
  • Social
ESG sub-theme
  • Public health
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
China
Resolved clause
According to the requirements on authorization management of the donations of materials for
COVID-19 epidemic prevention and control in the Proposal on the Application for Authorization
Limit for Special Donations for COVID-19 Pandemic Prevention and Control as approved by
the Board and the General Meeting of Shareholders in May 2020 and June 2020 respectively, the
donations of materials for epidemic prevention and control can be implemented first after being
approved by the President upon the delegation by the Board after authorization of the General Meeting
of Shareholders, and should be confirmed later according to the fact after going through the corporate
governance procedure as required.
Whereas clause
Since the outbreak of COVID-2019 epidemic in early 2020, the Bank has actively responded to the
call of the State, proactively fulfilled the political mission and social responsibilities as a large stateowned bank, augmented the strength of donation and COVID-19 epidemic prevention and control and
fully supported the fight against COVID-19 epidemic while performing well in financial services.
Supporting statement
In 2020, the Bank’s donations of materials for epidemic prevention and control totalled RMB114.184
million, of which domestic donations were RMB100.199 million, with charities and the hospitals
tasked with fighting COVID-19 epidemic in the 4 Provinces and City of Hubei, Beijing, Guizhou and
Sichuan as recipients, and foreign donations of RMB13.985 million to 27 foreign countries that were
relatively materially affected by COVID-19 epidemic where the offshore branches and institutions of
the Bank were located, including the United States, Pakistan, South Africa, Spain, Brazil, France and
Laos. The types of materials donated for COVID-19 epidemic prevention and control mainly included
medical supplies such as masks, medical gloves, protective clothing, goggles, nucleic acid detection
kits and medical equipment such as ventilators and mobile nucleic acid sampling workstations. The
abovementioned donations of materials strongly supported global anti-epidemic works, and were
widely praised by various sectors of society.
The Proposal on the Materials Donation for Epidemic Prevention and Control in 2020 was considered
and approved at the meeting of the Board which was held on 29 April 2021 and is now submitted to
the General Meeting of Shareholders for consideration.

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