According to the Zhitong Finance App, Bank of Communications (03328) announced that in September 2016, the Bank will issue non-cumulative sustainable domestic preferred shares (domestic preferred shares) with a phased dividend rate of RMB 45 billion. According to the domestic preferred stock provisions, domestic preferred shares are adjusted every 5 years at the coupon rate, that is, the coupon dividend rate is reset every 5 years, and the coupon dividend rate is the same for each adjustment period. The second dividend rate adjustment period for domestic preferred stocks will expire 5 years. According to relevant provisions, the Bank is now adjusting the coupon dividend rate for the third dividend rate adjustment period for domestic preferred stocks.

According to this, starting from September 7, 2026, the benchmark interest rate for the third dividend rate adjustment period for domestic preferred stocks is 1.40%, the fixed premium is 1.37%, and the coupon dividend rate is 2.77%, and dividends are paid once a year.

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