Bank of China repurchases USD 2.82bn in preference shares

Bank of China (SSE:601988) announced the repurchase of USD 2,820,000,000 in offshore preference shares, leading to a corresponding decrease in the number of such shares issued. The bank stated that the action was taken in accordance with the terms and conditions of the offshore preference shares. The reduction in issued offshore preference shares is reflected in the monthly report on movements in securities for March 2025. Additionally, the bank reported that it has redeemed 73 billion RMB of onshore preferred shares to 0 while converting 27 billion RMB to 0. All of which occured after shareholder meetings on January 4th, 2019. The bank's registered share capital, which includes both domestic A shares and Hong Kong-listed H shares, remains at RMB 394,387,791,241 as of March 31, 2025.