Monday, 5 Sep 2011 07:00am EDT
China Construction Bank Corporation announced that references are to the Strategic Assistance Agreement (SAA) dated June 17, 2005 between the Company and Bank of America Corporation (BAC). Based on friendly negotiation, the Company and BAC (together as the Parties) have entered into the Amended and Restated Strategic Assistance Agreement (Amended and Restated SAA). Compared with the SAA dated June 17, 2005, the principle amendments in the Amended and Restated SAA include the following: Term of the assistance: The strategic assistance is extended to December 31, 2016. Scope of the assistance: BAC agrees to provide strategic assistance to the Company, on the terms and conditions set forth in the Amended and Restated SAA, in the areas of consumer and private banking, corporate and institutional banking, investment banking, e-banking, financial markets, information technology and other areas as may be agreed by the Parties from time to time. Form of the assistance: The form of strategic assistance will include, without limitation, cooperation projects, dispatched experts, experience sharing, business training program and other mutually agreed forms of training.