Financial front-line news on September 21: CITIC Bank announced that it will redeem all 3.5 billion preferred shares issued domestically on October 21, 2016, with a total issuance scale of RMB 35 billion. The securities are abbreviated as "CITIC Preferred 1" with code 360025.

On August 26, 2026, the bank's board of directors reviewed and approved the "Proposal on Exercising the Preferred Share Redemption Right," agreeing to redeem all 3.5 billion preferred shares at the redemption price of the face value plus the payable dividends for the period from October 26, 2025, to October 25, 2026, on the dividend payment date for the 2026 fiscal year (i.e., October 26, 2026), subject to approval or recognition from the National Financial Regulatory Administration. The proposal received 10 valid votes, with 10 in favor, 0 against, and 0 abstentions.

Recently, the bank received a no-objection response from the financial regulatory authority regarding this preferred share redemption. The bank plans to redeem the preferred shares on October 26, 2026.