Bank of Ningbo adjusts preference share dividend rate to 3.25%

Bank of Ningbo Co., Ltd. has officially announced an adjustment to the dividend rate for its "Ninghangyou 01" preference shares (code: 140001) for the third interest accrual period. This adjustment follows the terms outlined in the "Bank of Ningbo Co., Ltd. Non-public Issuance of Preference Shares (Phase I) Prospectus." The second five-year interest accrual period for these preference shares concludes on November 16, 2025.

The new dividend rate will apply from November 17, 2025, with November 16, 2025, being a statutory holiday, causing the effective date to shift to the next business day. The third interest accrual period's dividend rate is determined by adding a fixed premium to the benchmark interest rate. The benchmark interest rate is calculated as the arithmetic average of the five-year national bond yield on the central interbank fixed-rate national debt yield curve, as compiled by China Central Depository & Clearing Co., Ltd., over the twenty trading days preceding November 16, 2025.

The benchmark interest rate has been set at 1.59%, with the fixed premium remaining at 1.66% as initially determined at the time of issuance. Consequently, the new coupon dividend rate for "Ninghangyou 01" preference shares will be 3.25%, with dividends to be paid once per fiscal year.