PAB(SZ:000001) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-02-05 22:37Core Viewpoint - Ping An Bank plans to redeem all of its 200 million preferred shares, with a total value of RMB 20 billion, on March 9, 2026, following the approval from the National Financial Regulatory Administration [1][5]. Redemption Scale - The bank intends to redeem a total of 200 million preferred shares, each with a par value of RMB 100, amounting to a total redemption scale of RMB 20 billion [1]. Redemption Price - The redemption price for the preferred shares will be the par value of RMB 100 per share plus the current payable dividend of RMB 4.37 per share [2]. Redemption Date - The scheduled date for the redemption is March 9, 2026 [3]. Payment Method - On March 9, 2026, the bank will pay the preferred shareholders the par value of the shares along with the current payable dividends [4]. Redemption Procedure - The bank's board of directors has the authority to decide on the redemption matters based on market conditions, and the proposal for exercising the redemption rights was approved on August 22, 2025, with no objections from the regulatory authority [5].