Changshu Bank suspends "Changyin convertible bonds" conversion for equity distribution

Jiangsu Changshu Rural Commercial Bank (SSE:601128) announced the temporary suspension of share conversion for its "Changyin Convertible Bonds" in anticipation of the 2024 equity distribution. Approved at the April 25, 2025 shareholders' meeting, the distribution includes a cash dividend of CNY 2.50 per 10 shares (pre-tax) and a bonus issue of 1 share for every 10 shares from capital reserves. The conversion will be suspended from May 27, 2025, until the equity registration date. Conversion will resume on the first trading day after the equity registration date. Bondholders wishing to enjoy the distribution must convert before May 26, 2025. The bank will adjust the conversion price as per the terms of the bond issuance. Details on the equity distribution and adjusted conversion price will be announced on May 28, 2025.