Core Viewpoint - Shanghai Bank has completed the redemption and delisting of its preferred shares, which were originally issued in December 2017 for a total of RMB 20 billion [1] Group 1: Redemption Details - The company issued 200 million preferred shares in December 2017, with a total issuance size of RMB 20 billion [1] - On December 19, 2025, the company paid a total of RMB 20.804 billion to the preferred shareholders, covering the face value and dividends for the holding period from December 19, 2024, to December 18, 2025 [1] - The preferred shares were officially canceled on December 19, 2025, as confirmed by the China Securities Depository and Clearing Corporation Limited Shanghai Branch [1]

Group 1: Bond Issuance - The company has received approval from the People's Bank of China and the Shanghai Regulatory Bureau to issue "Shanghai Bank Co., Ltd. 2025 Perpetual Capital Bonds" with a total issuance size of RMB 10 billion and a coupon rate of 2.42% [1] - The bonds will be used to supplement the company's other Tier 1 capital as per applicable laws and regulatory approvals [1] Group 2: Preferred Share Redemption - The company plans to redeem all 200 million shares of its preferred stock "Shangyin Preferred 1" (code: 360029) on December 19, 2025, with a total redemption amount of RMB 20 billion [2] - The redemption price will include the face value plus any declared but unpaid dividends [3] - The payment for the redemption will occur on the same day as the redemption date [4][5] Group 3: Dividend Distribution for Preferred Shares - The dividend rate for the preferred shares has been adjusted to 4.02% since December 19, 2022, with a total cash dividend distribution of RMB 804 million (including tax) based on this rate [9][10] - The last trading day for the preferred shares is December 17, 2025, with the record date on December 18, 2025, and the dividend payment date also on December 19, 2025 [11][15] - The cash dividend will be distributed to all registered shareholders of the preferred shares as of the record date [12]

Core Viewpoint - The announcements detail the resignation of a non-executive director and the approval of a senior management appointment, indicating ongoing governance changes within the company. Group 1: Director Resignation - The company received a resignation letter from non-executive director Mr. Gu Jingshan due to age reasons, effective from December 4, 2025 [2] - Mr. Gu confirmed there were no disagreements with the board and no other matters to notify shareholders or creditors [3] - The resignation will not impact the board's operations or the company's management, and Mr. Gu has completed the necessary handover [3] - The board expressed gratitude for Mr. Gu's contributions during his tenure [4] Group 2: Senior Management Appointment - The company received approval from the Shanghai Regulatory Bureau of the National Financial Supervision Administration for Mr. Chen Lei's appointment as vice president [6] - Mr. Chen's resume was previously published on the Shanghai Stock Exchange website on August 29, 2025 [6]

Core Points - Shanghai Bank plans to redeem all of its 200 million preferred shares, with a total value of RMB 20 billion, on December 19, 2025 [1][5][6] Redemption Details - The redemption price will include the face value plus any declared but unpaid dividends [2] - The payment date for the redemption will coincide with the preferred share dividend date, December 19, 2025 [3] - The company will pay shareholders the face value and dividends accrued from December 19, 2024, to December 18, 2025, on the redemption date [4] Approval and Procedures - The redemption plan was approved by the company's board on July 22, 2025, and has received no objections from the regulatory authority [5]