The 2023 Annual General Meeting was convened by China Merchants Bank Co., Ltd. on 25 June 2024, at which, among other things, the profit appropriation plan for 2023 of the Company was considered and approved. The Company will distribute a cash dividend of RMB 1.972 (tax included) for every one share held by the shareholders whose names appear on the register of members of the Company at the close of business on the respective record dates for A shareholders and H shareholders. The dividend for A shareholders would be RMB 1.972 (tax included) per share, payable in RMB.

Based on the average benchmark exchange rate of Renminbi to Hong Kong Dollars as released by the People's Bank of China one week prior to and including the date of declaration of dividends at the 2023 Annual General Meeting of the Company (i.e. HKD 1=RMB 0.9121), the dividend for H shareholders would be approximately HKD 2.162044 (tax included) per share, payable in Hong Kong Dollars. CMB Wing Lung (Trustee) Limited, the Company's H-share dividend payment agent, is expected to pay the 2023 final dividend (net of the relevant tax) to H shareholders of the Company on or about 6 August 2024, and the relevant cheques of dividends will be sent at the same time by ordinary post to H shareholders of the Company at their own risk.