Bank of Ningbo redeems and delists preferred shares

Bank of Ningbo Co., Ltd. is set to redeem and delist its "Ninghangyou 02" preferred shares. The final trading day for Ninghangyou 02 will be November 6, 2025, with the redemption registration date also on November 6, 2025. Trading will halt on November 7, 2025, and the redemption proceeds will be credited on the same day. The delisting is scheduled for November 10, 2025.

The redemption price for Ninghangyou 02 is set at 104.5 yuan per share (inclusive of tax), comprising the 100 yuan par value and an accrued dividend of 4.5 yuan per share. The company will redeem a total of 100 million preferred shares, amounting to a total payout of 10.45 bn yuan. This redemption will be self-disbursed by Bank of Ningbo directly to shareholders' accounts.

Following this full redemption, the company's total preferred share capital will decrease from 148.5 million shares to 48.5 million shares. The bank confirms that its cash flow is robust, and this redemption is not expected to significantly impact its financial condition or operational performance, nor will it harm the interests of shareholders.