Changsha Bank to redeem RMB 6 bn in preference shares

Changsha Bank Co., Ltd. announced its intention to fully redeem its 60 million "Changyin Preferred 1" preference shares on December 25, 2025. These preference shares, initially issued on December 20, 2019, have a total face value of RMB 6 billion, with each share valued at RMB 100. The redemption price will include the face amount plus any declared but unpaid dividends.

The bank confirmed that its board of directors approved the redemption, which also received no objection from the Hunan Regulatory Bureau of the National Financial Regulatory Administration. Payment to shareholders will cover the preference shares' face amount and dividends accumulated from December 25, 2024, to December 24, 2025.