China CITIC Bank (00998) intends to redeem 350 million domestically issued non-public preferred shares.

Zhitong Finance APP News, China CITIC Bank (00998) announced that the bank intends to redeem 350 million domestic preference shares (securities abbreviation: CITIC Pfd 1, securities code: 360025) that it non-publicly issued on October 21, 2016, on October 26, 2026. The bank intends to apply to suspend trading of the bank's preference shares (securities abbreviation: CITIC Pfd 1, securities code: 360025) on October 23, 2026, and to cancel the preference shares upon redemption on October 26, 2026.