Bank of Nanjing to list restricted shares, boosts float

Bank of Nanjing (SSE:601009) announced the upcoming listing and circulation of 1,131,108,262 restricted shares on April 23, 2025. These shares, stemming from a private placement in April 2020, have been subject to a 60-month lock-up period for investors, including Banque Nationale de Paris and Jiangsu Transportation Holdings. With the lock-up period expiring, the shares will become freely tradable on the Shanghai Stock Exchange. This will increase the company’s total number of shares. According to an independent review by Citic Securities, the listing is consistent with relevant rules and regulations of the Shanghai Stock Exchange and the China Securities Regulatory Commission. The shares are priced at CNY20 billion, resulting in increased liquidity. With this share release, Nanjing Bank confirms it has fully complied with its commitments.