Bank of Nanjing to redeem and delist convertible bonds

Bank of Nanjing has announced the redemption and subsequent delisting of its "Nanjing Bank Convertible Bonds," effective July 18, 2025. The redemption record date is set for July 17, 2025, with a redemption price of CNY 100.1537 per bond. Bondholders must act before the final trading day on July 14, 2025, or the final conversion day on July 17, 2025. The trigger for the redemption was met after the company's stock price exceeded 130% of the current conversion price (CNY 8.22 per share) for 15 trading days, reaching CNY 10.69 per share. Investors can choose to convert their bonds at CNY 8.02 per share. The delisting from the Shanghai Stock Exchange will occur on July 18, 2025. Investors are urged to either trade or convert their bonds before the deadlines to avoid potential losses, as the redemption price is substantially lower than the current market price of CNY 150.020 per bond.