CITIC Bank Completes RMB36.43 Billion Redemption and Delisting of Preference Shares

Bulletin Express10-27

China CITIC Bank Corporation Limited on 27 October 2026 confirmed the full redemption and delisting of its domestic preference shares, originally issued on 21 October 2016 under the ticker “CITIC Excellent 1”. The transaction involved 350 million preference shares with an initial issuance size of RMB35.00 billion.

On 26 October 2026, the bank paid RMB36.43 billion to shareholders registered on 23 October 2026 with the Shanghai Branch of China Securities Depository and Clearing Corporation. The payment comprised the RMB35.00 billion aggregate nominal value plus dividends accrued from 26 October 2025 to 25 October 2026.

Following settlement, all outstanding preference shares were formally cancelled on 26 October 2026, completing their redemption and removal from listing. The announcement was authorized by Chairman Fang Heying on behalf of the board.

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