Bank of Qingdao postpones convertible bond issuance

Bank of Qingdao Co., Ltd. has decided to postpone the submission of resolutions for its proposed issuance of A-share convertible corporate bonds to non-specific investors. Initially, the bank planned to seek approval for this issuance, totaling not more than RMB4.8 billion, at the extraordinary general meeting (EGM) and class meetings scheduled for September 26, 2025.

The deferral aims to facilitate better coordination of overall refinancing and related work arrangements. The bank's board made this decision, indicating that the resolutions will be presented at a suitable future shareholders' meeting, depending on prevailing circumstances.

The proposed issuance is subject to various approvals, including those from shareholders at the EGM and class meetings, the Qingdao Bureau of National Financial Regulatory Administration, the Shenzhen Stock Exchange, and the CSRC's decision to grant registration. Investors and shareholders are advised to exercise caution due to the ongoing uncertainty surrounding the issuance.