Hangzhou Bank to redeem and delist convertible bonds

Bank of Hangzhou will redeem its outstanding convertible bonds, with delisting from the Shanghai Stock Exchange scheduled for July 7, 2025. The redemption price is set at CNY 100.4932 per bond. Bondholders must convert their holdings to shares by the final conversion date of July 4, 2025 to avoid redemption. Trading of the bonds will cease on July 2, 2025. The bank has reminded investors of the approaching deadlines and potential investment losses if bonds are not converted before the redemption. The redemption is triggered because the bank’s stock price has traded above CNY 14.76 for 15 of the past 30 trading days, meeting the early redemption condition.