On November 21, Ping An Bank announced that it has received approval from the National Financial Regulatory Administration to redeem its preference shares. The bank plans to proceed with the redemption on the next dividend payment date, March 9, 2026.
According to the announcement, Ping An Bank will complete the necessary regulatory procedures in compliance with relevant laws and issuance terms, while fulfilling its information disclosure obligations.
The bank initially issued 200 million domestic preference shares in March 2016 at par value, raising RMB 20 billion to supplement its Tier 1 capital. On August 22, 2025, the board of directors approved the proposal to exercise the redemption right, contingent upon regulatory approval.
The redemption process will be implemented in accordance with the terms of the preference shares and regulatory requirements.
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