Hope Bancorp Announces Completion of 2.00% Convertible Senior Notes Repurchase Pursuant to Contractual Put Right

May 15, 2023

Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE) announced today that the previously announced right of holders of its 2.00% Convertible Senior Notes due 2038 (CUSIP NUMBER 43940TAB5) (the “Notes”) to surrender their Notes for repurchase by the Company for cash pursuant to their option (the “Optional Put”) under the Indenture (the “Indenture”), dated as of May 11, 2018, between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee and paying agent, expired at 12:00 midnight New York City time on May 12, 2023, and the Notes were repurchased on May 15, 2023.

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