Industrial bank suspends bond conversion for equity distribution

Industrial Bank announced the suspension of conversion for its "Industrial Bank Convertible Bonds" (SSE:113052) starting June 13, 2025, until the equity registration date for the 2024 annual A-share dividend distribution. This action aligns with the resolution passed at the company's 2024 annual shareholder meeting, which approved a cash dividend of CNY 10.60 per 10 shares. Conversion will resume on the first trading day following the equity registration date. Bondholders seeking to participate in the dividend distribution must convert their bonds by June 12, 2025. The bank will announce further details regarding the adjusted conversion price following the equity distribution on June 16, 2025.