重要内容提示： | 证券代码：002966 | 证券简称：苏州银行 | 公告编号：2025-034 | | --- | --- | --- | | 转债代码：127032 | 转债简称：苏行转债 | | 苏州银行股份有限公司 关于"苏行转债"赎回实施暨即将停止转股的重要提示性公告 本行及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1."苏行转债"赎回价格：101.35 元/张（含息税，当期年利率为 1.50%）， 扣税后的赎回价格以中国证券登记结算有限责任公司深圳分公司（以下简称"中 登公司"）核准的价格为准。 2. 有条件赎回条款触发日：2025 年 1 月 21 日 1. 最后转股日：2025 年 3 月 6 日 因"苏行转债"已停止交易，本行特提醒投资者在期限内转股。2025 年 3 月 6 日是"苏行转债"最后一个转股日，当日收市前，持有"苏行转债"的投资 者仍可进行转股；2025 年 3 月 6 日收市后，未转股的"苏行转债"将停止转股。 2. 截至 2025 年 3 月 3 日收市后，距离"苏行转债"停止转股并赎回仅剩 3 个交易日，投资者 ...

| 证券代码：002966 | 证券简称：苏州银行 | 公告编号：2025-033 | | --- | --- | --- | | 转债代码：127032 | 转债简称：苏行转债 | | 苏州银行股份有限公司 关于"苏行转债"赎回实施暨即将停止交易的重要提示性公告 本行及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 1. 最后交易日：2025 年 3 月 3 日 2025 年 3 月 3 日是"苏行转债"最后一个交易日，当日"苏行转债"简称 为"Z 苏转债"；2025 年 3 月 3 日收市后"苏行转债"将停止交易。 2. 最后转股日：2025 年 3 月 6 日 2025 年 3 月 6 日是"苏行转债"最后一个转股日，当日收市前，持有"苏 行转债"的投资者仍可进行转股；2025 年 3 月 6 日收市后，未转股的"苏行转 债"将停止转股。 3. 截至 2025 年 2 月 28 日收市后，距离"苏行转债"停止交易仅剩 1 个交 易日，距离"苏行转债"停止转股并赎回仅剩 4 个交易日。本行特提醒投资者仔 细阅读本公告内容，关注相关风险，谨慎交易"苏 ...

Summary of Suzhou Bank Conference Call Company Overview - Suzhou Bank transitioned from a rural commercial bank to a city commercial bank in 2011, which is significant for understanding its current position in the market [1] - The bank went public on the A-share market in 2019 and has since established a fund called Su Xing Fund [1] Key Financial Metrics - The bank's total assets rank 11th among 17 listed growth banks, significantly lower than larger peers like Beijing Bank and Jiangsu Bank, with only about 2% of their asset size [6] - From 2018 to 2023, both deposits and loans have shown strong growth, with deposit growth at 14.1% and expected to exceed 400 billion yuan in 2024, reflecting a year-on-year increase of 13.8% [7] - Net profit growth has been robust, with a peak of 26.1% year-on-year in 2022, although it has faced pressures in recent years [12] Management and Strategy - Recent management changes have brought in experienced professionals from the banking industry, alleviating concerns about leadership quality [3] - The bank's operational focus is primarily in Suzhou, with over 70% of its branches and employees located there, but it aims to expand its presence in the Yangtze River Delta region [4][18] Market Position and Competition - Suzhou Bank's local market share for loans is only 3.7%, which is low compared to competitors, primarily due to the strong presence of the "Big Four" banks in the region [22][23] - Despite the low market share, the bank's local presence and government support are expected to enhance its competitive position over time [24] Risk Management and Asset Quality - The bank has maintained a strict standard for recognizing non-performing loans, with a non-performing loan ratio that has decreased from 2.2% in 2019 to an expected 0.6% in 2024 [29] - The bank prioritizes risk management over aggressive growth, which is seen as a strength in the current economic environment [28] Dividend and Shareholder Returns - The bank's dividend payout ratio has been steadily increasing, with a current rate that is among the highest in its peer group [14] - The bank's dividend yield has improved from around 2% at the time of listing to approximately 6% now, making it attractive for long-term investors [15][17] Future Outlook - The bank is expected to continue its growth trajectory, with a target valuation of 0.75 to 0.85, translating to a target price of approximately 9 to 10 yuan per share [39] - The bank's focus on quality over quantity in its loan portfolio is anticipated to yield better performance compared to peers in the long run [37] Conclusion - Overall, Suzhou Bank is positioned well within its local market, with strong growth potential, effective risk management, and a commitment to shareholder returns, despite facing competitive pressures from larger banks [38]

重要内容提示： 1. 最后交易日：2025 年 3 月 3 日 2025 年 3 月 3 日是"苏行转债"最后一个交易日，当日"苏行转债"简称 为"Z 苏转债"；2025 年 3 月 3 日收市后"苏行转债"将停止交易。 | 证券代码：002966 | 证券简称：苏州银行 | 公告编号：2025-032 | | --- | --- | --- | | 转债代码：127032 | 转债简称：苏行转债 | | 苏州银行股份有限公司 关于"苏行转债"赎回实施暨即将停止交易的重要提示性公告 本行及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 2. 最后转股日：2025 年 3 月 6 日 2025 年 3 月 6 日是"苏行转债"最后一个转股日，当日收市前，持有"苏 行转债"的投资者仍可进行转股；2025 年 3 月 6 日收市后，未转股的"苏行转 债"将停止转股。 3. 截至 2025 年 2 月 27 日收市后，距离"苏行转债"停止交易仅剩 2 个交 易日，距离"苏行转债"停止转股并赎回仅剩 5 个交易日。本行特提醒投资者仔 细阅读本公告内容，关注相关风险，谨慎交易"苏 ...

| 证券代码：002966 | 证券简称：苏州银行 | 公告编号：2025-031 | | --- | --- | --- | | 转债代码：127032 | 转债简称：苏行转债 | | 苏州银行股份有限公司 关于"苏行转债"赎回实施暨即将停止交易的重要提示性公告 本行及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 1. 最后交易日：2025 年 3 月 3 日 2025 年 3 月 3 日是"苏行转债"最后一个交易日，当日"苏行转债"简称 为"Z 苏转债"；2025 年 3 月 3 日收市后"苏行转债"将停止交易。 2. 最后转股日：2025 年 3 月 6 日 2025 年 3 月 6 日是"苏行转债"最后一个转股日，当日收市前，持有"苏 行转债"的投资者仍可进行转股；2025 年 3 月 6 日收市后，未转股的"苏行转 债"将停止转股。 3. 截至 2025 年 2 月 26 日收市后，距离"苏行转债"停止交易仅剩 3 个交 易日，距离"苏行转债"停止转股并赎回仅剩 6 个交易日。本行特提醒投资者仔 细阅读本公告内容，关注相关风险，谨慎交易"苏 ...

Group 1: Revenue Growth Strategies - The bank is actively expanding its fee and commission income through wealth management and new business initiatives such as government bond sales and corporate bond underwriting [1] - The bank aims to enhance its asset allocation services centered around customer needs [1] Group 2: Innovation in Financial Services - The bank focuses on supporting the entire lifecycle of technology innovation enterprises, with over 12,000 clients and a total credit amount exceeding 120 billion yuan as of September 2024 [1] - Continuous product development and service innovation are emphasized to meet the financial needs of these enterprises [1] Group 3: Regional Development - The bank has achieved full coverage of operating institutions across Jiangsu province and is enhancing its presence in key out-of-region areas [2] - Future strategies will include adapting to local markets and extending service reach to tap into provincial financial service demands [2] Group 4: Compliance and Communication - During the investor relations activity, the bank ensured compliance with disclosure regulations, with no significant undisclosed information leaked [2]

| 证券代码：002966 | 证券简称：苏州银行 | 公告编号：2025-030 | | --- | --- | --- | | 转债代码：127032 | 转债简称：苏行转债 | | 3. 赎回登记日：2025 年 3 月 6 日 4. 赎回日：2025 年 3 月 7 日 5. 停止交易日：2025 年 3 月 4 日 6. 停止转股日：2025 年 3 月 7 日 苏州银行股份有限公司 关于"苏行转债"赎回实施的第十九次提示性公告 本行及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1."苏行转债"赎回价格：101.35 元/张（含息税，当期年利率为 1.50%）， 扣税后的赎回价格以中国证券登记结算有限责任公司深圳分公司（以下简称"中 登公司"）核准的价格为准。 2. 有条件赎回条款触发日：2025 年 1 月 21 日 7. 发行人资金到账日（到达中登公司账户）：2025 年 3 月 12 日 8. 投资者赎回款到账日：2025 年 3 月 14 日 9. 赎回类别：全部赎回 （二）有条件赎回条款 10. 最后一个交易日可转债简称：Z 苏转债 ...

| 证券代码：002966 | 证券简称：苏州银行 | 公告编号：2025-029 | | --- | --- | --- | | 转债代码：127032 | 转债简称：苏行转债 | | 苏州银行股份有限公司 关于"苏行转债"赎回实施的第十八次提示性公告 本行及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1."苏行转债"赎回价格：101.35 元/张（含息税，当期年利率为 1.50%）， 扣税后的赎回价格以中国证券登记结算有限责任公司深圳分公司（以下简称"中 登公司"）核准的价格为准。 2. 有条件赎回条款触发日：2025 年 1 月 21 日 3. 赎回登记日：2025 年 3 月 6 日 8. 投资者赎回款到账日：2025 年 3 月 14 日 9. 赎回类别：全部赎回 10. 最后一个交易日可转债简称：Z 苏转债 11. 根据安排，截至 2025 年 3 月 6 日收市后仍未转股的"苏行转债"将被 强制赎回。本次赎回完成后，"苏行转债"将在深圳证券交易所摘牌。投资者持 有的"苏行转债"存在被质押或冻结情形的，建议在停止转股日前解除质押或冻 结，以 ...

Investment Rating - The report assigns a "Buy" rating for Suzhou Bank, indicating a positive outlook for the company's future performance [7]. Core Insights - Suzhou Bank has demonstrated strong performance with high dividends, robust earnings, and low non-performing loans, positioning it as a regional leader ready for growth [7]. - The bank's total assets have shown a compound annual growth rate (CAGR) of 15.1% from 2019 to 2023, with total assets reaching 659.5 billion yuan by mid-2024 [28]. - The bank's net profit has nearly doubled from 2.47 billion yuan in 2019 to 4.6 billion yuan in 2023, reflecting a CAGR of 16.8% [44]. - The bank's dividend payout ratio has remained stable at over 30%, with a current dividend yield exceeding 6% [7]. Summary by Sections 1. Company Overview - Suzhou Bank has evolved from a rural commercial bank to a city commercial bank over nearly three decades, becoming a leader in its sector [10]. - The bank's major shareholder, Suzhou International Development Group, has increased its stake from 9.6% to 14% as of January 2025, indicating confidence in the bank's future [14]. 2. Financial Performance - The bank's total revenue for 2022 was 11.763 billion yuan, with a projected increase to 12.393 billion yuan in 2025, reflecting a growth rate of 1.39% [7]. - The bank's net profit for 2022 was 3.918 billion yuan, expected to rise to 5.712 billion yuan by 2025, with a CAGR of 12.33% [7]. - The earnings per share (EPS) is projected to grow from 0.98 yuan in 2022 to 1.36 yuan in 2025 [7]. 3. Asset Quality - Suzhou Bank has maintained a low non-performing loan (NPL) ratio, which decreased from 1.53% in 2019 to 0.84% in 2023, outperforming many peers [7]. - The bank's strict standards for recognizing non-performing loans have contributed to its superior asset quality [7]. 4. Market Position - The bank's market presence is primarily in Suzhou, with 73.1% of its branches located there, and it aims to expand its footprint across the Yangtze River Delta region [23]. - Suzhou Bank's total assets rank 11th among 17 listed city commercial banks, indicating significant room for growth [28]. 5. Management Team - The management team consists of experienced professionals with extensive backgrounds in the banking industry, enhancing the bank's operational efficiency [19].

Redemption Overview - The conditional redemption of "Su Hang Convertible Bonds" was triggered as the stock price of Suzhou Bank has been above 130% of the conversion price for 15 trading days from December 12, 2024, to January 21, 2025, reaching 8.05 yuan per share [3][4] - The board of directors approved the early redemption of all outstanding "Su Hang Convertible Bonds" on January 21, 2025 [3][4] Redemption Terms - The redemption price is set at 101.35 yuan per bond, which includes interest and tax [5][6] - The calculation of the accrued interest is based on the formula: IA = B × i × t / 365, where B is the total face value of the bonds held, i is the annual coupon rate, and t is the number of days from the last interest payment to the redemption date [5][6] Redemption Schedule - The redemption registration date is March 6, 2025, with the redemption date on March 7, 2025 [9] - Trading of "Su Hang Convertible Bonds" will cease on March 4, 2025, and conversion will stop on March 7, 2025 [9][10] - The funds will be credited to the bondholders' accounts by March 14, 2025 [9] Tax Implications - Individual investors are subject to a 20% tax on interest income, resulting in a net redemption amount of approximately 101.08 yuan per bond after tax [11][12] - Qualified foreign institutional investors are exempt from corporate income tax on interest income, maintaining the full redemption amount of 101.35 yuan [12] Additional Information - The last trading day for the convertible bonds will be referred to as Z Su Convertible Bonds [10] - The company will publish a redemption results announcement and delisting notice within seven trading days after the redemption [10]