Bank of Nanjing to redeem, delist convertible bonds

Bank of Nanjing (SSE:601009) announced it will redeem and delist its "Nanjing Bank Convertible Bonds," effective July 18, 2025. The last trading day for the bonds is July 14, 2025, and the final conversion day is July 17, 2025. The redemption price is set at CNY 100.1537 per bond. Bondholders are urged to either trade or convert their bonds before the respective deadlines to avoid potential investment losses. The redemption was triggered after the bank's stock price exceeded 130% of the conversion price for 15 consecutive trading days, meeting the conditions outlined in the bond prospectus. After the redemption, the "Nanjing Bank Convertible Bonds" will be delisted from the Shanghai Stock Exchange. Investors should note the difference between the redemption price and the current market price.