The Bank of East Asia, Limited (Stock Code: 23) Completes US$650 Million Undated Capital Securities Redemption

Bulletin Express
Oct 22

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited have stated that they bear no responsibility for the contents of the Issuer’s announcement and disclaim all liability for any loss arising from its use. The announcement clarifies that no offer or sale of any securities to the public will be made in the United States or in any other jurisdiction where such an offer is restricted or prohibited, and that the securities have not been, and will not be, registered under the U.S. Securities Act of 1933. They are being offered and sold outside the United States under Regulation S and are not available to U.S. persons without registration or exemption.

The Bank of East Asia, Limited (the “Issuer”) announced on 22 October 2025 the completion of the redemption in full of its US$650,000,000 Additional Tier 1 Undated Capital Securities on 21 October 2025. These securities, issued under the Issuer’s US$6,000,000,000 Medium Term Note Programme (Stock Code: 40415), have been cancelled, leaving no outstanding amount in issue. The Issuer has applied to The Stock Exchange of Hong Kong Limited for the withdrawal of listing of the redeemed securities, expected to take effect at the close of business on 31 October 2025.

The announcement further references the notice of redemption published on 22 September 2025, which signaled the Issuer’s intent to redeem the Undated Capital Securities on the date specified above.

As of 22 October 2025, the Board of Directors of The Bank of East Asia, Limited comprises: Dr. the Hon. Sir David LI Kwok-po (Executive Chairman), Professor Arthur LI Kwok-cheung (Deputy Chairman), Dr. Allan WONG Chi-yun (Deputy Chairman), Mr. Aubrey LI Kwok-sing, Mr. Stephen Charles LI Kwok-sze, Mr. Adrian David LI Man-kiu (Co-Chief Executive), Mr. Brian David LI Man-bun (Co-Chief Executive), Dr. Daryl NG Win-kong, Dr. the Hon. Rita FAN HSU Lai-tai, Mr. Meocre LI Kwok-wing, Dr. the Hon. Henry TANG Ying-yen, Dr. Delman LEE, Mr. William Junior Guilherme DOO, Dr. David MONG Tak-yeung, and Dr. Francisco Javier SERRADO TREPAT, with designations as Executive Directors (#), Non-executive Directors (*), and Independent Non-executive Directors (**).

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