China CITIC Bank (00998): Preferred shares to be redeemed

According to the Zhitong Finance App, China CITIC Bank (00998) announced that on October 21, 2016, China CITIC Bank Co., Ltd. issued 350 million domestic preferred shares privately, with an issuance scale of 35 billion yuan. The stock abbreviation is “CITIC Premium 1”, and the stock code is 360025.

On August 26, 2026, the bank's board of directors reviewed and passed the “Bill on Exercising the Right to Redeem Preferred Shares”, agreeing that the bank will redeem all 350 million preferred shares on the 2026 dividend payment date for the current preferred shares (that is, October 26, 2026), on the premise of obtaining approval or approval from the State Financial Supervisory Authority, using the face value of preferred shares plus dividends payable from October 26, 2025 to October 25, 2026 as the redemption price. The number of valid votes for the bill was 10. The voting results: 10 votes in agreement, 0 against, and 0 abstentions.

Recently, the bank received an unobjectionable response from the General Financial Supervisory Authority on the redemption of preferred shares. The bank plans to redeem this preferred stock on October 26, 2026.