CITIC Bank to Redeem RMB 35.00 Billion Preference Shares on 26 October 2026 After Regulator’s Clearance

Bulletin Express09-21 18:03

China CITIC Bank Corporation Limited announced plans to fully redeem its RMB 35.00 billion outstanding domestic preference shares—“CITIC Excellent 1” (360025)—on 26 October 2026, following a “no-objection” reply from the National Financial Regulatory Administration (NFRA).

The 350 million preference shares were originally issued on 21 October 2016 through a non-public offering. On 26 August 2026, the bank’s board unanimously approved the “Proposal Regarding the Exercise of the Redemption Right of Preference Shares,” with all 10 directors voting in favor and none opposing or abstaining.

Redemption terms: holders will receive the shares’ full nominal value plus accrued dividends covering the period from 26 October 2025 to 25 October 2026, payable on the 26 October 2026 dividend date.

The bank stated it will finalize all remaining regulatory procedures and disclose further information in line with applicable laws and its issuance documentation.

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