Bank of Shanghai announces preferred share dividend, redemption, and perpetual bond issuance

Bank of Shanghai announced a cash dividend of yuan 4.02 (tax inclusive) per preferred share for its second dividend rate adjustment period, effective December 19, 2024. The total payout amounts to yuan 804 million. The last trading day, record date, and ex-dividend date are all December 18, 2025, with the dividend distribution on December 19, 2025.

In a related announcement, Bank of Shanghai will redeem all 200 million preferred shares on December 19, 2025, for a total of yuan 20 billion. The redemption price includes the par value plus any declared but unpaid dividends up to December 18, 2025. This follows approval from the National Financial Regulatory Administration's Shanghai Bureau.

Additionally, Bank of Shanghai successfully issued yuan 10 billion in perpetual bonds on December 11, 2025, with a coupon rate of 2.42%. These bonds will supplement the bank's other Tier 1 capital.