Savings bank

Shanghai Commercial & Savings Bank: Announcing the Lifting of the Ban on Directors from Engaging in Competitive Activities by SCSB’s 2022 Annual Meeting of Shareholders







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Provided by: THE SHANGHAI COMMERCIAL & SAVINGS BANK, LTD.

SEQ_NO

1

announcement date

2022/06/17

Announcement time

17:23:28

Matter

 Announcement of releasing the prohibition on directors
form participation in competitive business
by the 2022 Annual Meeting of shareholder's of SCSB

Date of events

2022/06/17

What item it responds to

paragraph 21

Statement

1.Date of the shareholders meeting resolution:2022/06/17
2.Name and title of the director with permission to engage in competitive
  conduct:
Chairman:Stephen Ching-Yen Lee
Managing Director:John Con-Sing Yung
Director:Lincoln Chu-Kuen Yung
Director:George Chao-Chi Gu
3.Items of competitive conduct in which the director is permitted to engage:
To engage in business that are within or similar to the business scope
of the Company
4.Period of permission to engage in the competitive conduct:
Within period of serving as director of the Company
5.Circumstances of the resolution (please describe the results of voting in
accordance with Article 209 of the Company Act):
Proposal was approved after voting
Approval votes:2,629,104,952
Disapproval votes:2,077,168
Invalid votes:0
Abstention votes/no votes:253,635,013
Total votes:2,884,817,133
6.If the permitted competitive conduct belongs to the operator of a mainland
China area enterprise, the name and title of the directors
(if it is not the operator of a Mainland-area enterprise, please enter
"N/A" below):N.A.
7.Company name of the mainland China area enterprise and the director's
position in the enterprise:N.A.
8.Address of the mainland China area enterprise:N.A.
9.Operations of the mainland China area enterprise:N.A.
10.Impact on the company's finance and business:N.A.
11.If the directors have invested in the mainland China area enterprise,
the monetary amount of the investment and their shareholding ratio:N.A.
12.Any other matters that need to be specified:None

Disclaimer

Shanghai Commercial & Savings Bank Ltd. published this content on June 17, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Jun 17, 2022 09:32:06 UTC.

Public now 2022

All news about THE SHANGHAI COMMERCIAL & SAVINGS BANK, LTD.

2022 sales 41,590 million
1,396 million
1,396 million
Net income 2022 15,672 million
526M
526M
Net debt 2022

PER 2022 ratio 15.0x
2022 return 3.60%
Capitalization 235B
7,877 million
7,877 million
capi. / Sales 2022 5.64x
capi. / Sales 2023 5.07x
# of employees 2,636
Floating 78.1%

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Medium consensus TO BUY
Number of analysts 4
Last closing price TWD52.50
Average target price TWD57.00
Average Spread / Target 8.57%



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