On November 5, according to a report from the financial frontline, Shanghai Pudong Development Bank Co.,Ltd. (ASX: 600000) today issued an announcement stating that the bank completed a non-public issuance of 150 million preferred shares on December 3, 2014, with an issuance scale of 15 billion yuan (hereinafter referred to as "SPDB Preference 1", code 360003); and completed a non-public issuance of 150 million preferred shares on March 11, 2015, with an issuance scale of 15 billion yuan (hereinafter referred to as "SPDB Preference 2", code 360008).
The company's board of directors reviewed and approved the "Proposal on Exercising the Redemption Right of Preferred Shares and Dividend Distribution" on August 26, 2026, and formed a resolution agreeing that the company, on the premise of obtaining approval or recognition from the National Financial Regulatory Administration (hereinafter referred to as the "NFRA") and other regulatory agencies, would redeem all SPDB Preference 1 and SPDB Preference 2 at the redemption price stipulated in the preferred share prospectus.
Shanghai Pudong Development Bank stated that recently, the company received a reply from the NFRA, which had no objection to the company's redemption of SPDB Preference 1 and SPDB Preference 2. To this end, the company plans to redeem SPDB Preference 1 and SPDB Preference 2 on December 3, 2026, and March 11, 2027, respectively. The company will, in accordance with relevant laws and regulations and the provisions of the issuance documents for SPDB Preference 1 and SPDB Preference 2, handle other application procedures with the relevant regulatory agencies and timely fulfill its information disclosure obligations.
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