Bank of Hangzhou announces convertible bond conversion results

Bank of Hangzhou (SSE:600926) announced the results of its convertible bond conversion program, revealing a significant shift in its share structure. As of June 30, 2025, a total of CNY14,908,393,000 of "Hang Yin Convertible Bonds" have been converted into 1,311,252,065 A-shares, representing 22.1114% of the bank's pre-conversion A-share capital. As of the same date, CNY91,607,000 of the convertible bonds remain unconverted, accounting for 0.6107% of the total issued. Between May 9 and June 30, 2025, conversions totaled CNY7,641,137,000, resulting in 673,225,229 new A-shares. The conversions have led to marginal changes in the ownership percentages of major shareholders, including Hangzhou Finance & Investment Group and Red Lion Holdings Group.