Shanghai Bank to suspend convertible bond conversions for interim dividend

Shanghai Bank (SSE:601229) will temporarily halt the conversion of its "Shangyin Convertible Bonds" (113042) to implement its 2025 interim equity distribution. The suspension period will run from the trading day before the equity distribution announcement (October 9, 2025) until the equity distribution record date. Conversion will resume on the first trading day following the record date. To be eligible for the interim equity distribution, "Shangyin Convertible Bonds" holders must convert their bonds by September 30, 2025.

The interim equity distribution, approved by the company's 2024 annual general meeting on May 16, 2025, and the board of directors on August 28, 2025, will see a cash dividend of 3.00 yuan (inclusive of tax) per 10 shares distributed to ordinary shareholders registered on the equity distribution record date. This distribution will be based on the total ordinary share capital at that time.

Further details regarding the adjusted conversion price of "Shangyin Convertible Bonds" and the exact end and resumption dates of the suspension will be available in subsequent announcements from the company.