Bank of Nanjing convertible bonds face redemption and delisting

Bank of Nanjing announced the redemption and delisting of its convertible bonds with a redemption price of 100.1537 yuan per bond on July 17, 2025.

The bonds will cease trading on July 14, 2025, and be delisted from the Shanghai Stock Exchange on July 18, 2025.

Investors face potential substantial losses as the secondary market price of 144.967 yuan significantly exceeds the redemption price, making conversion by July 17 advisable to avoid the discount.