Bank of Hangzhou to redeem and delist convertible bonds

Bank of Hangzhou [SSE:600926] announced it will proceed with the redemption and subsequent delisting of its "Hangzhou Bank Convertible Bonds." The redemption record date is set for July 4, 2025, with a redemption price of CNY 100.4932 per bond, inclusive of accrued interest. The redemption payment will be made on July 7, 2025, after which the bonds will be delisted from the Shanghai Stock Exchange. Investors are advised to trade or convert their bonds before the trading halt on July 1, 2025 to avoid potential losses from the mandatory redemption. Bondholders have until July 4, 2025, to convert their bonds into shares. As of June 5, 2025, the market price of the convertible bonds was CNY 145.457.