Summary by Futu AI
Industrial and Commercial Bank of China (ICBC) announced on September 24, 2024, that according to the terms of its domestic preference shares "ICBC Preferred 2" issued privately, the face dividend rate of the preferred shares will be reset. The preferred shares, issued in September 2019, have reached five years, and the initial dividend rate adjustment is carried out according to the prospectus regulations. The reset face dividend rate is the benchmark interest rate of 1.78% plus a fixed spread of 1.24%, totaling 3.02%, and will be paid annually. The board of directors of Industrial and Commercial Bank of China bears legal responsibility for the truthfulness, accuracy, and completeness of the announcement.