Summary by Moomoo AI
China Postal Savings Bank held a board of directors meeting in Beijing on October 30, 2024, with all 14 directors present. The meeting approved multiple proposals, including the third quarter report for 2024. The financial statements for the quarter have been reviewed and approved by the board's audit committee. In addition, the meeting also approved the proposed upper limits of related party transactions from 2025 to 2027, as well as the renewal of land use rights and house rental framework agreements with China Post Group Co., Ltd. and other related parties. The related transactions are considered to be based on the characteristics of the company's business and the normal operational needs, with fair and reasonable terms. Independent directors abstained from voting on related proposals, confirmed the fairness and reasonableness of the transaction prices, in line with the overall interests of the company and shareholders, and did not harm the interests of the company or minority shareholders.
