China Merchants Bank reports stable share capital for November

China Merchants Bank Co., Ltd. reported no movements in its authorized or registered share capital or issued shares for the month ended November 30, 2025. The Bank's H-shares maintained a balance of 4,590,901,172 RMB in authorized or registered share capital, with 4,590,901,172 H-shares issued. Similarly, its A-shares, listed on the Shanghai Stock Exchange, remained at 20,628,944,429 RMB in authorized or registered share capital and 20,628,944,429 A-shares issued.

Domestic Preference Shares also showed no changes, with 275,000,000 RMB in authorized or registered share capital and 275,000,000 issued shares. The total authorized or registered share capital for China Merchants Bank stood at RMB52,719,845,601 at month-end.

The Bank clarifies that "authorized share capital" refers to "registered share capital" in its context. Domestic Preference Shares are convertible into A-shares at an initial conversion price of RMB19.02 per A share, with 1,445,846,477 A-shares issuable upon full conversion.