Bank of Beijing to redeem, delist preference shares

Bank of Beijing will fully redeem its 0.49 bn preference shares, "North Silver Preferred 1" (stock code: 360018), with a total value of RMB 4.9 bn. The redemption price will include the par value of the preference shares plus any declared but unpaid dividends. This action follows approvals from the bank’s board and the National Financial Regulatory Administration's Beijing Regulatory Bureau.

Key dates for the redemption process are set for December 2025. The last trading day for these preference shares will be December 9, with the redemption registration and trading suspension beginning on December 10. The shares will be deregistered, and redemption funds disbursed on December 11, 2025, which also marks the official delisting date for the preference shares.

Following the redemption, the bank will have zero outstanding preference shares. Shareholders whose preference shares are subject to judicial freezing or pledging, and whose normal share count is less than the number to be reduced, will not participate in this redemption.