Hangzhou Bank to redeem and delist convertible bonds

Bank of Hangzhou [SSE:600926] will redeem and delist its "Hangzhou Bank Convertible Bonds" effective July 7, 2025, as announced in its fourth indicative announcement. This decision was triggered by the bank's stock price exceeding 130% of the current conversion price for 15 consecutive trading days. Bondholders have until July 1, 2025, to trade their bonds, and until July 4, 2025, to convert them into shares, with a redemption price of CNY 100.4932 per bond. Investors are cautioned to act before the deadline to avoid potential losses.