Bank of Communications issues a correction notice and apologizes

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On March 30, China Communications Bank issued a corrective announcement, saying that on March 27 it disclosed the “Announcement on the 2025 Profit Distribution Plan of China Communications Bank Co., Ltd.” Due to insufficient proofreading rigor, the original announcement contained a typographical error.

Specifically, before the correction, China Communications Bank’s total cash dividend for the full year of 2025 was RMB 3.247 per share (tax included); after the correction, the plan is to distribute RMB 3.247 in cash dividend per 10 shares for the full year of 2025 (tax included). Based on the total share capital of China Communications Bank of 88.364 billion shares, if the incorrect “RMB 3.247 per share” were used for distribution, the total dividend would be approximately RMB 286.918 billion. Meanwhile, under the correct “RMB 3.247 per 10 shares,” the total dividend is only approximately RMB 28.692 billion. Despite the difference of only a single character, the gap between the two amounts is as much as approximately RMB 258.2 billion.

The image is from the original “Announcement on the 2025 Profit Distribution Plan of China Communications Bank Co., Ltd.” before the correction.

Regarding this “blunder,” China Communications Bank explained it as “insufficient proofreading rigor,” which led to a typographical error in the original announcement. China Communications Bank said that, aside from the above correction, no other content has been changed. China Communications Bank sincerely apologizes to investors for the inconvenience caused by the above error, and will further strengthen the preparation and review of information disclosure to ensure the quality of information disclosure.

Previously, on the evening of March 27, China Communications Bank released its 2025 annual report. In 2025, China Communications Bank achieved operating total revenue of RMB 265.071 billion, up 2.02%; attributable net profit was RMB 95.622 billion, up 2.18%; and profit after deducting non-recurring items was RMB 95.282 billion, up 2.76%.

For profit distribution, China Communications Bank used total ordinary share capital of 88.364 billion shares as of December 31, 2025 as the base. It distributed a cash dividend of RMB 1.684 per 10 shares (tax included) to A-share shareholders and H-share shareholders registered with the bank, totaling cash dividends of RMB 14.880 billion.

On this basis, add the interim 2025 semiannual dividend already distributed (cash dividend of RMB 1.563 per 10 shares (tax included)). China Communications Bank’s full-year 2025 cash dividend is RMB 3.247 per 10 shares (tax included), totaling RMB 28.692 billion in cash dividends. The cash dividend payout ratio is 32.3% (i.e., the total cash dividends distributed as a proportion of net profit attributable to ordinary shareholders of the parent company).

Source/Inner Mongolia Daily

Editor/Song Yali Proofreader/Wu Liyan

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