ICBC appoints new board secretary, CFO; redeems $2.9bn in preference shares

Industrial and Commercial Bank of China Limited (ICBC) has announced the appointments of Mr. Tian Fenglin as board secretary and Mr. Yao Mingde as chief financial officer, both effective August 29, 2025. Mr. Tian, currently the chief business officer, will serve concurrently as board secretary, while Mr. Yao, senior executive vice president, will concurrently serve as chief financial officer. Both appointments received qualification approval from the National Financial Regulatory Administration.

The bank's latest monthly return for September 2025 also indicates significant changes in its issued share capital. ICBC redeemed and canceled USD offshore preference shares totaling $2,900,000,000, reducing the number of issued USD offshore preference shares by 145,000,000 to zero. This redemption was executed at a price of $20.716 per share on September 23, 2025.

Total authorized/registered share capital at the end of September 2025 stands at RMB471,406,257,089. The number of issued H ordinary shares remains at 86,794,044,550, and A ordinary shares at 269,612,212,539. The domestic preference shares "ICBC Opt 1" and "ICBC Opt 2" remain unchanged with 450,000,000 and 700,000,000 shares respectively.