CHINA CINDA (01359.HK): To Redeem All Offshore Preference Shares on 3 November 2026

NewTimeSpace News: On 16 September 2026, China Cinda Asset Management Co., Ltd. (01359.HK) announced that it intends to redeem all of its Offshore Preference Shares (stock code: 04621) on 3 November 2026 (the "Redemption Date"). Matters in relation to the redemption have been considered and approved by the Board, and the Company has received a reply letter from the National Financial Regulatory Administration, which raised no objections to the redemption.

The redemption price of each Offshore Preference Share is the aggregate of an amount equal to its issue price (that is, the amount of liquidation preference) plus any declared but unpaid dividends accrued in respect of the period from (and including) the immediately preceding dividend payment date to (but excluding) the Redemption Date. The aggregate redemption price is USD 1.7 billion as the aggregate amount of the liquidation preference plus dividends of USD 74.8 million, totalling USD 1.7748 billion.

Payment will be made via Euroclear Bank SA/NV and Clearstream Banking S.A. to, or to the order of, the person whose name is entered on the register at the close of business of the clearing system on the record date, which is the clearing system business day immediately prior to the Redemption Date, i.e. 2 November 2026. Upon redemption and cancellation of the outstanding Offshore Preference Shares on the Redemption Date, there will be no Offshore Preference Shares in issue, and the Company will apply to The Stock Exchange of Hong Kong Limited in a timely manner to withdraw the listing of the Offshore Preference Shares.

Under the expected timetable, the notice of redemption to holders of the Offshore Preference Shares was issued on 16 September 2026 (Beijing time), the Redemption Date is 3 November 2026 (Beijing time), and the withdrawal of listing will take place after 4:00 p.m. on 4 November 2026 (Beijing time). Any changes to the timetable will be announced.

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