CITIC BANK (00998): Intends to redeem preferred shares

CITIC BANK (00998) has issued an announcement. CITIC BANK Corporation Limited on October 21, 2016, non-publicly issued 350 million domestic preference shares, with an issuance size of RMB 35 billion, securities abbreviation "CITIC P1", securities code 360025. On August 26, 2026, the bank's board of directors reviewed and approved the "Proposal on Exercising the Right to Redeem Preference Shares", agreeing that the bank, subject to obtaining approval or acceptance from the National Financial Regulatory Administration, would redeem all 350 million preference shares on the dividend payment date for the current preference shares for 2026 (i.e., October 26, 2026), at a redemption price equal to the par value of the preference shares plus the dividends payable for the period from October 26, 2025 to October 25, 2026. The number of valid votes for the proposal was 10 votes, and the voting result was: 10 votes in favor, 0 votes against, and 0 abstentions. Recently, the bank received a reply from the Financial Regulatory Administration stating no objection to this preference share redemption matter. The bank intends to redeem these preference shares on October 26, 2026.