Bank of Shanghai completes preference share redemption and delisting

Bank of Shanghai announced the completion of the full redemption and delisting of its preference shares, originally issued in December 2017. The issuance involved 200 million preference shares, raising a total of RMB 200 bn. The preference shares were known as "Shangyin You 1."

Following an announcement on December 16, 2025, Bank of Shanghai completed the payment to shareholders by December 19, 2025. This payment, made to shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch (CSDC Shanghai Branch) as of December 18, 2025, included the full par value of the preference shares and dividends accrued from December 19, 2024, to December 18, 2025.

The total amount paid for the redemption, including principal and dividends, was RMB 208.04 bn. As confirmed by CSDC Shanghai Branch data, all preference shares were deregistered on December 19, 2025, officially completing the redemption and delisting process.