Original title: Securities Code: 601398 Securities abbreviation: Industrial and Commercial Bank of ChinaAnnouncement No.: announcement of China Industrial and Commercial Bank of China Co., Ltd. on the redemption of overseas Euro preferred shares, No. 2021-049
The board of directors and all directors of China Industrial and Commercial Bank of China Co., Ltd. guarantee that there are no false records, misleading statements or material omissions in the contents of this announcement, and bear individual and joint and several liability for the authenticity, accuracy and completeness of its contents.
China Industrial and Commercial Bank of China Co., Ltd. (referred to as the Bank) issued 600 million euros of preferred shares (referred to as overseas euro preferred shares) abroad on December 10, 2014. The Bank held a board meeting on August 27, 2021 to consider and pass the "Bill on the exercise of the right to redeem Euro preferred shares abroad". The bill has a valid vote of 12 votes, of which 12 votes are in favor, 0 votes against and 0 votes abstaining. According to the motion, the bank intends to acquire Bank of China Ltd.Subject to the approval of the Insurance Regulatory Commission (hereinafter referred to as the China Banking and Insurance Regulatory Commission) and in accordance with the requirements of the relevant laws and regulations and the articles of Association of China Industrial and Commercial Bank of China Co., Ltd. (hereinafter referred to as the articles of Association), the redemption right (referred to as this redemption) shall be exercised on December 10, 2021 for all the above-mentioned overseas euro preferred shares.
When the Board of Directors of the Bank considered the above motion, there was still uncertainty about the redemption. In accordance with the relevant provisions of the Business guidelines on suspension and exemption of Information Disclosure of listed companies on the Shanghai Stock Exchange and the measures for the Administration of suspension and exemption of Information Disclosure of China Industrial and Commercial Bank of China Co., Ltd., after careful judgment, the Bank decided to suspend disclosure, and went through the internal registration and examination and approval procedures for suspending disclosure in accordance with the relevant provisions.
Recently, the Bank received a reply from the China Banking and Insurance Regulatory Commission, and the China Banking and Insurance Regulatory Commission has no objection to this redemption. The Bank will redeem all the above-mentioned offshore euro preferred shares on December 10, 2021.
The Bank will go through other application formalities with the relevant regulatory authorities in accordance with the relevant laws and regulations, the articles of Association and the documents for the issuance of overseas euro preferred shares, and perform the corresponding information disclosure obligations in accordance with the law for follow-up matters.
It is hereby announced.
China Industrial and Commercial Bank of China Co., Ltd.
Board of directors
October 26, 2021