WEIHAI BANK (09677) has fully redeemed 3 billion yuan of subordinated capital bonds.

WEIHAI BANK (09677) announced that the bank issued RMB 3 billion of Tier 2 capital bonds in the national interbank bond market on September 10, 2020. According to the terms of the prospectus of this bond issuance, the bonds have a redemption right for the issuer, and the bank has the right to redeem the bonds in full at face value on the last day of the 5th interest calculation year of this bond, which is September 14, 2025. As of the date of this announcement, the bank has exercised its redemption rights and redeemed the bonds in full.