Core Viewpoint - China Merchants Bank announced the full redemption of its domestic preferred shares "Zhaoyin You1" on April 15, 2026, after receiving approval from the National Financial Regulatory Administration [1][3] Group 1: Issuance and Approval - In December 2017, China Merchants Bank issued 275 million domestic preferred shares, raising a total of RMB 27.5 billion [1][3] - The issuance was approved at the 2016 annual general meeting and subsequent shareholder meetings in 2017 and 2021 [1][3] Group 2: Redemption Process - The bank's board of directors has been authorized to handle all matters related to the declaration and payment of preferred share dividends and the redemption process [1][3] - Executives Wang Liang and Zhu Liwei signed the decision for the full redemption of the preferred shares and the corresponding dividend distribution [1][3] Group 3: Regulatory Response - China Merchants Bank has received a non-objection response from the National Financial Regulatory Administration regarding the redemption of the preferred shares [1][3]
招商银行:拟于4月15日全额赎回“招银优1”