Weihai Bank redeems RMB3 bn tier-two capital bonds

Weihai Bank Co., Ltd. announced on September 16, 2025, the full redemption of its RMB3 billion tier-two capital bonds. These bonds were initially issued on September 10, 2020, in the national inter-bank bond market. The redemption was exercised according to the issuer's right, allowing the bank to repurchase the bonds at face value on the last day of the fifth interest-bearing year, which was September 14, 2025.

The bank's board of directors includes executive directors Mr. MENG Dongxiao, Mr. ZHANG Wenbin, Mr. LU Jiliang, and Mr. JIANG Yi. Non-executive directors are Mr. CHEN Xiaojun, Mr. ZHAO Bing, Mr. JIAO Weifeng, Mr. KANG Jian, and Ms. LI Jie, with independent non-executive directors Mr. FAN Chi Chiu, Mr. WANG Yong, Ms. SUN Zuying, Mr. YANG Yunhong, and Mr. PENG Feng.

Weihai Bank Co., Ltd. clarifies that it is not an authorized institution under the Banking Ordinance (Chapter 155 of the Laws of Hong Kong) and is not supervised by the Hong Kong Monetary Authority. It is also not authorized to conduct banking or deposit-taking activities in Hong Kong.