杭州银行: 杭州银行关于实施“杭银转债”赎回暨摘牌的公告

Core Viewpoint - Hangzhou Bank has announced the early redemption of its convertible bonds ("Hangyin Convertible Bonds") due to the stock price meeting the necessary conditions for redemption, with the bonds set to be delisted from the Shanghai Stock Exchange after the redemption process is completed [1][2][3]. Redemption Terms - The redemption date is set for July 4, 2025, with the redemption price at 100.4932 CNY per bond, which includes accrued interest [1][3][5]. - The last trading day for the bonds is July 1, 2025, and the last conversion day is July 4, 2025 [1][6]. - The bonds will be forcibly redeemed at the face value plus accrued interest if not converted or sold by the specified dates [1][8]. Conditions for Redemption - The redemption was triggered as the stock price of Hangzhou Bank met the condition of being at least 130% of the conversion price (11.35 CNY) for 15 out of 30 consecutive trading days [2][3]. - The stock price must remain above 14.76 CNY for the redemption clause to be valid [2]. Redemption Process - The company will freeze all registered bonds on the redemption registration date, and the redemption amount will be distributed on July 7, 2025 [5][6]. - Investors who have not completed the necessary transactions by the deadline may face forced redemption, potentially leading to significant investment losses [1][8]. Tax Implications - Individual investors are subject to a 20% tax on interest income from the bonds, affecting the net redemption amount [6][8].