HZBank(SH:600926) Zheng Quan Zhi Xing·2025-07-07 16:13Summary of Key Points Core Viewpoint - The announcement details the early redemption of "Hangyin Convertible Bonds" by Hangzhou Bank, which is triggered by the stock price exceeding a specified threshold, leading to a total redemption amount of RMB 5,941,151.92, including interest [1][5]. Group 1: Redemption Details - Redemption amount: RMB 5,912,000 (59,120 bonds) [1] - Total redemption payment: RMB 5,941,151.92 (including current interest) [1][5] - Redemption payment date: July 7, 2025 [1] - Convertible bond delisting date: July 7, 2025 [1] Group 2: Conditions and Calculations - The redemption was triggered as the stock price was above 130% of the conversion price for 15 trading days [1]. - The redemption price includes the face value of the bonds plus accrued interest calculated as follows: IA = B × i × t / 365, where IA is the accrued interest, B is the total face value of the bonds, i is the annual coupon rate of 1.8%, and t is the number of days [2][3]. Group 3: Impact on Company - As of July 4, 2025, the remaining balance of "Hangyin Convertible Bonds" is RMB 5,912,000, accounting for 0.04% of the total issuance [4]. - Total converted amount of "Hangyin Convertible Bonds" is RMB 14,994,088,000, resulting in 1,318,802,116 shares, which is 22.24% of the total shares before conversion [4]. - Post-redemption, the total share capital will increase to 7,249,002,548 shares, which may dilute earnings per share in the short term but strengthens the company's capital base for sustainable development [5].