Bank of Hangzhou to redeem, delist convertible bonds

Bank of Hangzhou (SSE:600926) announced it will redeem all outstanding "Hangzhou Bank Convertible Bonds" at a price of CNY 100.4932 per bond. The redemption record date is set for July 4, 2025, with payment to follow on July 7, 2025, after which the bonds will be delisted from the Shanghai Stock Exchange. The last trading day for the bonds is scheduled for July 1, 2025, and the last day for conversion into shares is July 4, 2025. Investors holding these bonds are advised to either convert them into shares at CNY 11.35 per share or sell them before the respective deadlines to avoid potential losses from the mandatory redemption. The company triggered the redemption clause due to its stock price exceeding 130% of the conversion price for 15 consecutive trading days.