CITIC Bank (00998) announced that from August 12 to August 14, 2020, the bank issued subordinated capital bonds with a scale of RMB 40 billion, and published the "Announcement on the Completion of Issuance of 2020 Subordinated Capital Bonds by China Citic Bank Corporation Limited" on August 15, 2020. According to the relevant terms of the bond prospectus, these bonds included a conditional redemption right for the issuer, allowing the bank to partially or fully redeem the bonds on the last day of the 5th interest-bearing year, namely August 14, 2025. As of the announcement date, with approval from the National Financial Regulatory Administration, the bank has exercised its redemption right and fully redeemed these bonds.