Bank of Shanghai to redeem and delist preference shares

Bank of Shanghai (SSE:601229) has issued a series of announcements detailing the redemption and delisting of its "SH Bank Preferred 1" preference shares (stock code: 360029), with the process scheduled for December 2025. The company plans to redeem all 200 million shares, each with a face value of 100 yuan, totaling 20 bn yuan. The redemption price will include the face amount plus any declared but unpaid dividends.

Key dates include December 17, 2025, as the last trading day, followed by a trading suspension starting December 18, 2025. The redemption registration date is also December 18, 2025. On December 19, 2025, the shares will be canceled, redemption funds will be disbursed, and the preference shares will be delisted from the Shanghai Stock Exchange.

This move follows a resolution by the company's board of directors and approval from the Shanghai Regulatory Bureau of the National Financial Regulatory Administration. The bank issued these preference shares in December 2017.