CITIC Bank Redeems Entire 350 Million Onshore Preference Shares for RMB 36.43 Billion

Bulletin Express10-26

China CITIC Bank Corporation Limited (CITIC Bank, 00998) has completed the full redemption of its 350 million onshore preference shares on 26 October 2026. The redemption price was fixed at RMB 104.08 per preference share, incorporating both the nominal value and accrued dividend, bringing the total cash outlay to approximately RMB 36.43 billion.

Prior to the transaction, all 350 million preference shares were outstanding, representing 100% of the class. Following the redemption, CITIC Bank’s issued preference‐share capital now stands at zero; no redeemed shares remain outstanding or awaiting cancellation.

The bank confirmed that the redemption was duly authorized by its board of directors and executed in full compliance with Hong Kong Stock Exchange Main Board Rule 13.25A and all other applicable regulations. No treasury shares were involved, and no on-market repurchase of ordinary shares or sale of treasury shares occurred during the period covered by the disclosure.

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