Bank of Hangzhou: Convertible bond conversion hits 10% threshold

Bank of Hangzhou (SSE:600926) announced today that the cumulative conversion of its "Hangzhou Bank Convertible Bonds" has reached a significant milestone. As of May 8, 2025, a total of CNY 7,267,256,000 of "Hangzhou Bank Convertible Bonds" have been converted into A-shares of the company, resulting in the issuance of 638,026,836 new shares. This conversion represents 10.7589% of the total A-shares outstanding prior to the conversion. The remaining outstanding amount of "Hangzhou Bank Convertible Bonds" yet to be converted is CNY 7,732,744,000, representing 51.5516% of the total issuance.