Sou Hu Cai Jing·2025-07-24 10:15Core Points - The company plans to redeem all of its $2.9 billion offshore preferred shares on September 23, 2025, following approval from the financial regulatory authority [1][2] - The board of directors unanimously approved the redemption proposal with 15 votes in favor and no votes against or abstentions [1] - The company has received no objections from the financial regulatory authority regarding the redemption [2] Summary by Sections - Redemption Proposal: The company intends to exercise its right to redeem $2.9 billion offshore preferred shares, pending regulatory approval and compliance with relevant laws and its articles of association [1][2] - Board Approval: The board meeting held on April 29, 2025, resulted in a unanimous decision to proceed with the redemption, indicating strong internal support for the action [1] - Regulatory Compliance: The company has followed necessary internal procedures for disclosure and has confirmed that no insider trading occurred during the disclosure pause [2]