Core Points - The company plans to redeem all three series of preferred shares on July 1, 2025, which includes 130 million shares of "Xingye Preferred 1," 130 million shares of "Xingye Preferred 2," and 300 million shares of "Xingye Preferred 3" [1][2] Group 1 - The company has announced the suspension of trading for the three series of preferred shares starting from June 30, 2025, until their redemption on July 1, 2025 [2] - The total number of preferred shares being redeemed amounts to 560 million shares [1][2]

Core Viewpoint - The company plans to fully redeem three series of preferred shares on July 1, 2025, and will suspend trading of these shares on June 30, 2025 to ensure fair information disclosure and protect investor interests [1] Summary by Relevant Sections - **Redemption Plan**: The company intends to redeem a total of 130 million shares of "Xingye Preferred 1", 130 million shares of "Xingye Preferred 2", and 300 million shares of "Xingye Preferred 3" on July 1, 2025 [1] - **Trading Suspension**: To maintain fair information disclosure, the company will apply for a trading suspension of the three series of preferred shares on June 30, 2025 [1] - **Investor Protection**: The actions taken by the company are aimed at safeguarding the interests of investors [1]

Summary of Key Points Core Viewpoint - The company plans to redeem all three series of preferred shares on July 1, 2025, following approval from the board and regulatory authorities [1][3]. Redemption Scale - The company intends to redeem a total of 300 million yuan worth of preferred shares, which includes: - 130 million shares of "Xingye Preferred 1" with a par value of 100 yuan each - 130 million shares of "Xingye Preferred 2" with a par value of 100 yuan each - 300 million shares of "Xingye Preferred 3" with a par value of 100 yuan each [1][2]. Redemption Price - The redemption price will be the par value of the preferred shares plus accrued dividends calculated from the announcement date to the redemption date, using the formula: IA = B × i × t / 365 [2]. Redemption Timing - The payment for the redemption will occur on July 1, 2025, covering the par value and dividends accrued from January 1, 2025, to June 30, 2025 [2]. Redemption Procedure - The board has been authorized to handle all matters related to the redemption, following the framework approved in previous shareholder meetings and regulatory requirements [2][3].

Summary of Key Points Core Viewpoint - The announcement details the dividend distribution plan for the preferred shares of Industrial Bank Co., Ltd. for the year 2024, including specific dividend rates and payment dates for each series of preferred shares [1][2]. Dividend Distribution Plan - For the preferred share series 兴业优 1 (code: 360005), the annual dividend rate is 5.55% from January 1 to December 7, 2024, and 4.23% from December 8 to December 31, 2024, with a total dividend payout of approximately 710.25 million RMB [2]. - For the preferred share series 兴业优 2 (code: 360012), the annual dividend rate is 4.63% for the entire year 2024, resulting in a dividend payout of 630 million RMB [2]. - For the preferred share series 兴业优 3 (code: 360032), the annual dividend rate is 4.90% from January 1 to April 9, 2024, and 4.05% from April 10 to December 31, 2024, leading to a total dividend payout of approximately 1.28467 billion RMB [2]. Implementation Dates - The last trading day for the preferred shares is June 18, 2025, with the record date for shareholders being June 19, 2025. The ex-dividend date is also June 19, 2025, and the dividend payment date is set for June 20, 2025 [3].

Redemption Announcement - The company plans to redeem all issued preferred shares of three series on July 1, 2025, following approval from the board and the financial regulatory authority [1][3] - The total redemption scale includes 130 million shares each for "Xingye Preferred 1" and "Xingye Preferred 2," and 300 million shares for "Xingye Preferred 3," amounting to a total of 30 billion RMB [1][2] Redemption Price and Payment - The redemption price will consist of the face value of the preferred shares plus accrued dividends calculated from the announcement date to the redemption date [2] - Payment to shareholders will occur on July 1, 2025, covering the face value and dividends accrued from January 1, 2025, to June 30, 2025 [2] Approval and Procedures - The board has received no objections from the financial regulatory authority regarding the redemption of the preferred shares [3] - The company has the authority to manage all matters related to the redemption as per the resolutions passed in previous annual general meetings [2][3]

Core Points - The report details the equity changes of Industrial Bank Co., Ltd. due to the conversion of convertible bonds into common shares by the Fujian Provincial Finance Department, which now holds 20.57% of the bank's total shares, maintaining its position as the largest shareholder [1][2][4]. Group 1: Equity Change Details - The Fujian Provincial Finance Department converted 86,436,760 shares of "Xingye Convertible Bonds" into 388,479,819 shares of common stock at a conversion price of 22.25 RMB per share [4][10]. - Prior to the conversion, the Fujian Provincial Finance Department held 453,262,382 shares (2.18%) and Fujian Financial Investment Co., Ltd. held 3,511,918,625 shares (16.91%) of Industrial Bank [11]. - After the conversion, the total shares held by the Fujian Provincial Finance Department and its concerted actions increased to 4,353,660,826 shares (20.57%) [11]. Group 2: Financial and Operational Context - The convertible bonds were issued in December 2021, totaling 500 billion RMB, with a maturity of six years and a conversion period from June 30, 2022, to December 26, 2027 [10]. - The Fujian Provincial Finance Department is a governmental entity responsible for managing the province's finances, while its concerted action partner, Fujian Financial Investment Co., Ltd., is a state-owned enterprise focused on investment and asset management [4][6]. Group 3: Future Plans and Governance - There are no plans for further increases or disposals of shares in the next 12 months by the Fujian Provincial Finance Department or its concerted actions [9]. - The equity change does not alter the management structure or governance of Industrial Bank, ensuring the bank's operational independence [12][15].

Summary of Key Points Core Viewpoint - The announcement details an increase in shareholding by the Fujian Provincial Department of Finance and its acting party, Fujian Financial Investment Co., Ltd., in Industrial Bank Co., Ltd. through the conversion of convertible bonds, resulting in a total shareholding of 20.57% without triggering a mandatory bid or changing control [1][2]. Group 1: Shareholding Changes - The Fujian Provincial Department of Finance and Fujian Financial Investment Co., Ltd. now hold a combined total of 4,353,660,826 shares, representing 20.57% of the total ordinary shares of the company [1][2]. - Prior to the increase, the Fujian Provincial Department of Finance held 453,262,382 shares (2.18%), and after the conversion, it holds 841,742,201 shares (3.98%) [2]. - Fujian Financial Investment Co., Ltd. holds 3,511,918,625 shares, which is a slight decrease from 16.91% to 16.59% after the conversion [2]. Group 2: Convertible Bonds Details - The convertible bonds, known as "Xingye Convertible Bonds," were issued with a total amount of 50 billion RMB and began trading on January 14, 2022 [1]. - The conversion period for these bonds is from June 30, 2022, to December 26, 2027, with a conversion price set at 22.25 RMB per share starting from July 9, 2024 [2]. Group 3: Control and Governance - The increase in shareholding does not involve any change in control, and the company maintains its status of having no controlling shareholder or actual controller [1][3]. - The announcement confirms compliance with relevant regulations regarding the disclosure of equity changes [4].

Core Viewpoint - The financial advisory firm, Xinyi Securities, has conducted a thorough review of the detailed equity change report of Xinyi Bank, confirming that the report complies with relevant laws and regulations, and the disclosed information is true, accurate, and complete [1][21]. Group 1: Equity Change Overview - The equity change involves the conversion of 86,436,760 units of "Xinyi Convertible Bonds" into 388,479,819 shares of Xinyi Bank at a conversion price of 22.25 yuan per share, resulting in the Fujian Provincial Finance Department and its concerted actions holding a total of 20.57% of Xinyi Bank's shares post-conversion [4][12]. - The conversion of bonds to shares is part of a strategy to enhance the management of state-owned financial capital without altering the management structure of the Fujian Provincial Finance Department over Xinyi Bank [9][12]. Group 2: Compliance and Verification - Xinyi Securities has verified that the information provided by the Fujian Provincial Finance Department and its concerted actions is complete and accurate, with no significant omissions or misleading statements found [5][21]. - The financial advisory firm has confirmed that the equity change complies with the requirements set forth by the Company Law, Securities Law, and relevant disclosure standards [5][21]. Group 3: Financial and Operational Details - The Fujian Provincial Finance Department, as the information disclosing party, is a governmental entity with no applicable financial data for the last three years, while its concerted action, Fujian Financial Investment Co., has reported total assets of 22,875,476.86 million yuan as of December 31, 2024 [6][19]. - The financial performance of Fujian Financial Investment Co. shows a revenue increase from 662,200.09 million yuan in 2022 to 1,573,217.29 million yuan in 2024, indicating a growth rate of approximately 8.72% [7][19]. Group 4: Future Plans and Commitments - There are no plans for significant changes to the main business operations, restructuring, or adjustments to the board of directors within the next 12 months from the date of the report [13][14]. - The Fujian Provincial Finance Department and its concerted actions have committed to adhering to legal requirements regarding related party transactions and ensuring fair pricing and conditions in any future dealings with Xinyi Bank [15][16].

Redemption Announcement - The company plans to redeem all issued preferred shares from three series on July 1, 2025, following approval from the board and the financial regulatory authority [1][3] - The total redemption scale includes 130 million shares each for "Xingye Preferred 1" and "Xingye Preferred 2," and 300 million shares for "Xingye Preferred 3," amounting to a total of 30 billion RMB [1][2] Redemption Price and Process - The redemption price will consist of the face value of the preferred shares plus accrued dividends calculated from the announcement date to the redemption date [2] - The payment for the redemption will be made on July 1, 2025, covering the face value and dividends accrued from January 1, 2025, to June 30, 2025 [2] Regulatory Compliance - The company has received no objections from the financial regulatory authority regarding the redemption of the preferred shares [3]