Bank of Hangzhou to redeem and delist convertible bonds

Bank of Hangzhou (SSE:600926) has announced 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. Redemption payments will be issued on July 7, 2025. The last trading day for the bonds is July 1, 2025, and the final conversion date is July 4, 2025. Following the redemption, the bonds will be officially delisted from the Shanghai Stock Exchange on July 7, 2025. The announcement urges bondholders to either convert or sell their holdings before the deadlines to mitigate potential investment losses, particularly as the redemption price is below the current market price.