Hangzhou Bank to redeem ¥10 bn preference shares in 2025

Hangzhou Bank announced its intention to fully redeem 100 million preference shares (Hangyin You 1) on December 15, 2025. This follows a board resolution passed on August 27, 2025, to exercise the preference share redemption right. The redemption price will include the par value plus any declared and unpaid dividends.

The company recently received non-objection feedback from the Zhejiang regulatory bureau of the National Financial Regulatory Administration regarding the redemption. Hangzhou Bank originally issued these preference shares on December 15, 2017.

The bank will proceed with other necessary applications to regulatory bodies and fulfill its information disclosure obligations in accordance with relevant laws and regulations.