SPDB convertible bond matures, investors face redemption or conversion

Shanghai Pudong Development Bank has issued a second reminder regarding the maturity, redemption, and delisting of its convertible bond. The bond's maturity date and redemption registration date are October 27, 2025. Holders will receive a redemption payment of 110 yuan per bond (including tax and the final annual interest) on October 28, 2025.

The final trading day for the convertible bonds will be October 22, 2025, with delisting from the Shanghai Stock Exchange scheduled for October 28, 2025. From October 23 to October 27, 2025, while trading will have ceased, bondholders still retain the option to convert their convertible bonds into the company's ordinary shares under the agreed-upon terms. The bonds, with a face value of 100 yuan each and a total issuance of 50 bn yuan, were publicly issued by Shanghai Pudong Development Bank and commenced trading on November 15, 2019, for a term of six years.