Hangzhou Bank (600926.SH) announced on June 20th that, with the approval of the Zhejiang Regulatory Bureau of the China Banking Supervision and Management Commission and the People's Bank of China, the company successfully issued the 'Hangzhou Bank Co., Ltd. 2024 Non-Callable Capital Bonds' (hereinafter referred to as 'this bond') on the national interbank bond market.

This bond was booked and recorded on June 18, 2024, and was fully issued on June 20, 2024. The issue size was RMB 10 billion with a front-end coupon rate of 2.41% for the first five years, which will be adjusted every five years. The company has the right to redeem all or part of the bonds on each interest payment date after the fifth year. The funds raised from the issuance of this bond will be used to supplement the company's other tier-one capital in accordance with applicable laws and regulations approved by regulatory authorities.