CM BANK (03968) has announced that, following approval from the National Financial Regulatory Administration, the company recently issued "2026 China Merchants Bank Co., Ltd. Perpetual Capital Bonds (Series I) (Bond Connect)" in the national interbank bond market. The bonds were priced on April 10, 2026, with issuance completed on April 14, 2026. The total issuance size amounted to 30 billion yuan, carrying a coupon rate of 2.05% for the first five years, subject to adjustment every five years thereafter. The bonds include an issuer call option exercisable on each interest payment date from the fifth year onward. Proceeds from the issuance will be used to replenish the bank's Additional Tier 1 capital, in accordance with applicable laws and regulatory approvals.