Bank of Ningbo preference shares to cease trading, will be redeemed

Bank of Ningbo Co. announced its "Ningxingyou02" preference shares (stock code: 140007) will cease trading on November 7, 2025. The shares will be delisted from the Shenzhen Stock Exchange within five trading days following this date. The last trading day and redemption registration day for these preference shares is November 6, 2025.

The company will fully redeem the "Ningxingyou02" preference shares on November 7, 2025, at a price of CNY 104.5 per share (including tax). This price comprises the par value of CNY 100 per share plus a declared and unpaid dividend of CNY 4.5 per share.

The redemption funds, totaling CNY 104.5 billion, will be disbursed by Bank of Ningbo directly to the shareholders' accounts registered as of November 6, 2025, on November 7, 2025. This redemption follows approval from the company's eighth board of directors' eleventh meeting on August 27, 2025, to exercise its redemption right.