Bank of Shanghai to redeem all preference shares by December 2025

Bank of Shanghai Co., Ltd. announced its intention to fully redeem its 200 bn RMB preference shares by December 19, 2025. This decision follows the board's approval on July 22, 2025, of the "Proposal on the Redemption of Preference Shares."

The redemption is contingent upon obtaining approval from the Shanghai Regulatory Bureau of the National Financial Regulatory Administration. The company plans to redeem the shares at a price stipulated in the preference share offering prospectus.

Recently, Bank of Shanghai received a reply from the Shanghai Regulatory Bureau of the National Financial Regulatory Administration, indicating no objection to the redemption. The company will proceed with other application procedures with relevant regulatory bodies in accordance with applicable laws, regulations, and the issuance documents for these preference shares, with further announcements to follow.