Bank of Qingdao postpones A-share convertible bond issuance review

Bank of Qingdao announced an update on its proposed issuance of A-share convertible corporate bonds. The bank had initially planned to issue A-share convertible bonds to raise up to RMB4.8 billion. This proposal was slated for review at an Extraordinary General Meeting and Class Meetings scheduled for September 26, 2025.

However, the board of directors has decided to temporarily postpone submitting the relevant proposals for the A-share convertible bond issuance to the previously scheduled meetings. This decision aims to better coordinate the refinancing work. The bank will reconsider the timing for submitting these proposals for shareholder approval based on prevailing circumstances.

The proposed issuance requires approval from shareholders, the National Financial Regulatory Administration Qingdao Regulatory Bureau, and the Shenzhen Stock Exchange, as well as registration with the China Securities Regulatory Commission. Further announcements will be made in accordance with applicable laws and regulations if there are any new developments or changes. The bank reminds investors to exercise caution when trading its securities.