SPD Bank announces second phase preferred share dividend

Shanghai Pudong Development Bank (SSE: 600000) has announced the implementation of its second phase dividend distribution for its "SPD Preferred 2" shares (360008). Shareholders of record as of March 10, 2025, will receive a cash dividend of RMB 4.81 per share (pre-tax), totaling RMB 721.5 million (pre-tax). The dividend is based on the 4.81% dividend rate for the second dividend rate adjustment period, with the interest accrual beginning March 11, 2024. The ex-dividend date is also set for March 10, 2025. The bank will handle the dividend distribution directly. Resident corporate shareholders are responsible for their own tax payments, while other shareholders' tax obligations will be handled according to applicable regulations. Inquiries can be directed to the bank's board of directors and supervisors office.