Pudong Development Bank to issue preferred stock dividends

Shanghai Pudong Development Bank announced the resolution of its twelfth board meeting, held on November 25, 2025, which approved the "Proposal on the Distribution of Dividends for Phase I Preferred Stock." The board meeting, attended by all 12 eligible directors, passed the resolution unanimously. Concurrently, the eleventh meeting of the supervisory board also approved the same proposal with all eight supervisors voting in favor.

The bank's "Phase I Preferred Stock" will distribute a cash dividend of CNY 4.27 per share (tax inclusive), totaling CNY 640.5 million. This is based on an interest rate adjustment period for the stock starting December 3, 2024, at a dividend rate of 4.27%.

The dividend distribution schedule includes December 1, 2025, as the last trading day, December 2, 2025, as the equity record date and ex-dividend date, and December 3, 2025, as the dividend payment date. Shareholders registered with China Securities Depository and Clearing Corporation Limited Shanghai Branch by the close of trading on December 2, 2025, will be eligible. Dividends will be directly distributed by the company, with resident enterprise shareholders responsible for their own income tax.