Zhi Tong Cai Jing·2026-03-13 10:18Core Viewpoint - China Merchants Bank (招商银行) announced the full redemption of its domestic preferred shares "Zhaoyin You1" with a total fundraising amount of RMB 27.5 billion, following the approval from the National Financial Regulatory Administration [1] Group 1: Issuance and Approval - The company issued 275 million domestic preferred shares in December 2017, raising a total of RMB 27.5 billion [1] - The issuance was approved by the company's 2016 annual general meeting and subsequent shareholder meetings in 2017 [1] - The 2021 annual general meeting authorized the board of directors to manage the payment of dividends and redemption of the preferred shares [1] Group 2: Redemption Details - The company's executive director and president, Wang Liang, along with non-executive director Zhu Liwei, signed a decision for the full redemption of the preferred shares and the distribution of corresponding dividends [1] - The company has received a no-objection response from the National Financial Regulatory Administration regarding the redemption [1] - The planned full redemption date for the preferred shares is set for April 15, 2026 [1]