Bank of Hangzhou to redeem, delist preference shares by December 2025

Hangzhou Bank Co., Ltd. (SSE:600926) will redeem and delist all 100 million shares of its "Hangyin You 1" preference shares (stock code: 360027) on December 15, 2025. This follows approval by the company's board of directors and the Zhejiang regulatory bureau of the National Financial Regulatory Administration. The preference shares, originally issued on December 15, 2017, represent a total size of 10 bn yuan.

Trading of "Hangyin You 1" will be suspended starting December 12, 2025, which also marks the redemption registration date. The last trading day for these preference shares will be December 11, 2025. Redemption proceeds, including the par value of 100 yuan per share and a declared but unpaid dividend of 4.00 yuan per share, totaling 104 yuan per share, will be disbursed on December 15, 2025.

The shares will be delisted and cancelled from the securities accounts of shareholders on December 15, 2025, reducing the company's outstanding preference shares to zero. Hangzhou Bank emphasized that the redemption funds will be directly disbursed by the company.