On 8 May 2020, Agricultural Bank of China Limited issued undated additional tier 1 capital bonds by book running of the size of RMB 85.0 billion in the National Interbank Bond Market. According to the relevant terms in the prospectus for the issuance of the Bonds, the Bonds are subject to the redemption right of the issuer, where the issuer has the right to redeem the Bonds in full on the distribution payment date of the fifth interest accrual year (namely 12 May 2025). As at the date of this announcement, with the approval from National Financial Regulatory Administration, the Bank has exercised the redemption right and redeemed the Bonds in full.