SPD convertible bonds trigger significant equity shift for Shanghai Pudong Development Bank

As of October 15, 2025, RMB38,250,818,000 of Shanghai Pudong Development Bank's "SPD convertible bonds" have been converted into 3,027,598,144 ordinary shares. This cumulative conversion represents 10.3148% of the company's total ordinary shares issued before the conversion.

During the period from October 1 to October 15, 2025 alone, RMB12,822,645,000 of the convertible bonds were converted, adding 1,024,991,553 new ordinary shares. Consequently, the bank's total ordinary share capital has increased from 31,354,686,988 shares to 32,379,678,541 shares.

Approximately 23.4984% of the "SPD convertible bonds" remain unconverted, totaling RMB11,749,182,000 as of October 15, 2025. The bonds, which commenced trading on November 15, 2019, have a conversion period extending until October 27, 2025, with a current conversion price of RMB12.51 per share.