Bank of Chengdu board approves major bond issuances up to 17 bn yuan

The Bank of Chengdu Co., Ltd. held its eighth board of directors' twenty-first (interim) meeting on November 11, 2025. All 11 directors with voting rights were present, either in person or via video link, with one director assigning proxy. The board approved key proposals related to investment and financing management for 2026 and significant bond issuances.

The board unanimously approved the issuance of 2026 capital tools, specifically second-tier capital bonds, totaling up to 7 billion yuan. These 10-year bonds will include an early redemption option at the fifth year and are intended to supplement the bank's second-tier capital. Additionally, the board approved the issuance of 2026 special financial bonds and ordinary financial bonds, with a total maximum issuance of 10 billion yuan. This includes up to 3 billion yuan for technology innovation bonds, up to 3 billion yuan for green financial bonds, and up to 4 billion yuan for ordinary financial bonds, all with maturities not exceeding 5 years.

All bond issuance proposals require submission to the general meeting of shareholders for approval, with final plans contingent on regulatory body approval. The board also passed a resolution concerning a connected transaction with Chengdu Inclusive Finance Guarantee Co., Ltd. Director Yu Hai Zong abstained due to his involvement in the transaction.