After two extensions, the expiration of the 8 billion yuan private placement plan of Hangzhou Bank has been terminated.

After two postponements over a period of three years, a private placement plan has ultimately come to an end with an "automatic expiration." Recently, Hangzhou Bank announced that its plan to raise no more than 8 billion yuan through the issuance of A-shares to specific investors has expired. In response to reporters, Hangzhou Bank stated that during the validity period of the private placement plan, the bank continuously tracked the capital market trends and industry valuation changes, regularly engaged with potential investors, and dynamically assessed the issuance window to timely advance the related preparations. With the conversion of convertible bonds and the continuous retention of internal profits, Hangzhou Bank's core capital continues to strengthen, and its existing capital reserves can match the pace of business development. The automatic expiration of this private placement plan is considered a normal situation in capital operations for a listed company, and the bank has chosen not to extend it further as part of optimization arrangements based on its actual circumstances. (China Securities Journal)