Bank of Nanjing to redeem convertible bonds, delist on July 18

Bank of Nanjing Co., Ltd. has announced the redemption of its "Nanjing Bank Convertible Bonds" effective July 18, 2025, after which the bonds will be delisted from the Shanghai Stock Exchange. The redemption was triggered by the company's stock price exceeding 130% of the current conversion price for 15 consecutive trading days. Bondholders have until July 14, 2025, to trade the bonds and until July 17, 2025, to convert them into shares at a price of CNY 8.02 per share. The redemption price is set at CNY 100.1537 per bond. The company reminds investors to either convert or sell their bonds before the deadlines to avoid potential losses. Investors should be aware of the difference between the secondary market price of the bonds at CNY 146.968 per bond as of close July 8, 2025, and the redemption price.