Bank of Beijing to redeem RMB 4.9 bn in preference shares

Bank of Beijing Co., Ltd. announced its plan to fully redeem its "Northern Bank Preferred 1" preference shares, totaling RMB 4.9 billion, on December 11, 2025. This redemption follows a board resolution on October 29, 2025, approved by the Beijing Regulatory Bureau of the National Financial Regulatory Administration. The redemption price will include the preference shares' par value plus any declared but unpaid dividends.

The preference shares, initially issued on December 11, 2015, will be redeemed at their face value of RMB 100 per share. Payment to shareholders on December 11, 2025, will cover the par amount and dividends accrued from December 11, 2024, to December 10, 2025. The company confirmed that all necessary regulatory approvals have been secured, and the board of directors has been authorized to handle all related redemption procedures.