Bank of Suzhou: Suhang bonds to be redeemed

Bank of Suzhou (SZSE:002966) announced the upcoming redemption of its "Suhang Convertible Bonds." Trading of the bonds will cease on March 4, 2025, and conversion into shares will be suspended after March 7, 2025. Bondholders are urged to convert their holdings before the deadline to avoid potential losses. The redemption price is set at 101.35 RMB per bond (including interest and tax). The decision to redeem was triggered after the bank's stock price met the requirements outlined in the bond prospectus. After the redemption, the "Suhang Convertible Bonds" will be delisted from the Shenzhen Stock Exchange.