Annual General Meeting of XacBank JSC Shareholders
The Annual General Meeting of Shareholders of XacBank JSC was successfully held on 29 April 2025 in a hybrid format—both in-person and online—at the Ball Room of Shangri-La Hotel. The meeting was declared valid with a quorum of 96.01%, and the Shareholders discussed and approved a total of six agenda items.
The Shareholders have resolved to distribute a dividend of MNT 27.00 per share from XacBank's net profit for the year 2024, and the dividend will be disbursed through the Mongolian Central Securities Depository on 30 April 2025. Thus, XacBank has distributed dividends twice from its 2024 net profit to its shareholders, totaling MNT 45.00 per share.
Additionally, amendments to the XacBank Charter were approved, along with the Board of Directors’ review regarding the 2024 operational and audited financial statements. The Shareholders have also approved the Amendment Agreement to the Merger Agreement and Amendment to the Merger Terms and Conditions, as well as the 2025 Budget of the Board of Directors.
