Bank of Shanghai to redeem all preference shares in 2025

Bank of Shanghai Co., Ltd. has announced its intention to redeem all 200 million shares of its preference shares, originally issued in December 2017. The redemption, approved by the bank's board and the Shanghai Regulatory Bureau of the National Financial Regulatory Administration, is scheduled for December 19, 2025.

The total redemption value for these preference shares will be 200 billion yuan, based on a par value of 100 yuan per share. The redemption price will include the par value plus any declared but unpaid dividends up to December 18, 2025. Payment to preference shareholders will occur on December 19, 2025, covering the par amount and dividends accrued from December 19, 2024, to December 18, 2025.

This redemption is in accordance with a proposal approved at the company's 2016 Annual General Meeting. The board also deliberated and approved the redemption proposal on July 22, 2025.