Nanjing Bank to redeem, delist convertible bonds

Bank of Nanjing Co., Ltd. announced it will exercise its right to redeem all outstanding "Nanjing Bank Convertible Bonds" at a price of CNY100.1537 per bond. The redemption record date is set for July 17, 2025, with payment scheduled for July 18, 2025. The last trading day for the bonds is July 14, 2025, after which trading will cease. Similarly, the last day for bondholders to convert their holdings into shares is July 17, 2025, after which conversion rights will be terminated. Once the redemption is complete, the "Nanjing Bank Convertible Bonds" will be officially delisted from the Shanghai Stock Exchange starting July 18, 2025. Investors are advised to either trade or convert their bonds before the respective deadlines to avoid potential financial losses due to the mandatory redemption.