Zhongtong Financial News App, Zhejiang Jinhuhang Yong (00576) released an announcement, and its subsidiary Zheshang Securities Co., Ltd. held the twenty-fifth meeting of the fourth session of the board of directors, deliberating on the proposal to redeem the "Zhe 22 Convertible Bonds" of Zheshang Securities.

The stock of Zheshang Securities from September 27, 2024, to November 5, 2024, meets the requirement that the closing price for at least fifteen trading days out of thirty consecutive trading days is not less than 130% of the current conversion price of the company's "Zhe 22 Convertible Bonds" (10.05 yuan/share), i.e., not less than 13.07 yuan/share. As per the provisions of the "Prospectus for the Public Issuance of Convertible Corporate Bonds of Zheshang Securities Co., Ltd.", the redemption clause of the "Zhe 22 Convertible Bonds" has been triggered. The board of directors decided to exercise the early redemption right of the "Zhe 22 Convertible Bonds" and redeem all the "Zhe 22 Convertible Bonds" registered on the redemption registration date. At the same time, the board of directors authorized the company's management or the authorized persons designated by the management to handle all matters related to the subsequent redemption of the "Zhe 22 Convertible Bonds".