Hangzhou Bank to redeem and delist convertible bonds

Hangzhou Bank has triggered the conditional redemption clause for its "Hangzhou Bank Convertible Bonds" due to the company's stock price exceeding 130% of the current conversion price for 15 consecutive trading days. The redemption record date is set for July 4, 2025, with a redemption price of CNY 100.4932 per bond. Bondholders can trade until July 1, 2025, and convert until July 4, 2025. Following the redemption, the "Hangzhou Bank Convertible Bonds" will be delisted from the Shanghai Stock Exchange on July 7, 2025. Investors are advised to either convert or sell their bonds before the deadline to avoid potential losses, as the current market price is higher than the redemption price. The company reminds investors to note that all unconverted "Hangzhou Bank Convertible Bonds" will be frozen after market close on July 4, 2025, and will cease trading.