SPD Bank's convertible bond conversion suspended during equity distribution

Shanghai Pudong Development Bank announced that conversions of its "SPD Convertible Bonds" will be suspended from July 9, 2025, until the equity registration date for its 2024 annual common equity distribution. This suspension is in line with the distribution plan approved at the company's annual general meeting on June 27, 2025, which entails a cash dividend of CNY 4.1 per 10 shares (before tax). Bondholders wishing to convert shares should do so by July 8, 2025. Conversion will resume on the first trading day following the equity registration date.