Hangzhou Bank to redeem and delist convertible bonds

Bank of Hangzhou (SSE:600926) announced it will redeem all outstanding "Hangzhou Bank Convertible Bonds," with the redemption record date set for July 4, 2025. The redemption price is CNY 100.4932 per bond. Trading of the bonds will cease on July 1, 2025, with the final conversion date on July 4, 2025, and the bonds will be delisted from the Shanghai Stock Exchange on July 7, 2025. The bank reminds investors that the market price of the bonds is currently higher than the redemption price, and failure to convert or sell before the deadline could result in significant losses. The decision to redeem was triggered by the bank's stock price exceeding 130% of the conversion price for 15 consecutive trading days.