Bank of Hangzhou announces release of restricted shares

Bank of Hangzhou (SSE:600926) announced the upcoming release of restricted shares acquired through a private placement. A total of 504,083,000 shares will become tradable on April 23, 2025. This includes shares held by Hangzhou Cai Kai Investment Group Co., Ltd. (116,116,000 shares) and Red Lion Holdings Group Co., Ltd. (387,967,000 shares). The bank's total share capital is 6,354,464,047 shares as of April 16, 2025. Hangzhou Cai Kai Investment Group has committed not to transfer a portion of its holdings for five years, starting May 16, 2024, following an ownership transfer from the Hangzhou Municipal Finance Bureau. China International Capital Corporation Limited (CICC) has reviewed the matter.