Bank of Nanjing to redeem and delist convertible bonds

Bank of Nanjing Co., Ltd. (SSE:601009) has announced the upcoming redemption and delisting of its "Nanjing Bank Convertible Bonds." The redemption registration date is set for July 17, 2025, with a redemption price of CNY 100.1537 per bond. Redemption funds will be distributed on July 18, 2025. The last trading day for the bonds is July 14, 2025, and the final conversion date is July 17, 2025. The bonds will be delisted from the Shanghai Stock Exchange on July 18, 2025. Investors are urged to either convert their bonds at a conversion price of CNY 8.02 per share or sell them before the deadline to avoid redemption at CNY 100.1537 per bond, which could result in a significant loss given the current market price of CNY 140.765 per bond.