Nanjing Bank sees internal share transfer within Jiangsu Transportation Holdings

Nanjing Bank announced that Jiangsu Transportation Holdings, a shareholder holding over 5% of the bank, has completed the gratuitous transfer of 496,498,397 shares from its wholly-owned subsidiary, Cloud Fir Capital Management. The transfer, representing 4.02% of Nanjing Bank's total share capital, was finalized on September 11, 2025, with the shares registered as transferred on September 12, 2025.

Following the transfer, Cloud Fir Capital no longer holds shares in Nanjing Bank, while Jiangsu Transportation Holdings' direct holding increased to 1,731,862,146 shares, representing 14.01% of the bank's total shares. The aggregate shareholding of Jiangsu Transportation Holdings and its wholly-owned subsidiary, Cloud Fir Capital, remains unchanged before and after the transfer.

This transaction is an internal transfer between entities acting in concert, as Cloud Fir Capital is a wholly-owned subsidiary of Jiangsu Transportation Holdings. Consequently, it does not involve any market-based increases or decreases, does not trigger a tender offer, and has no impact on Nanjing Bank's status regarding its controlling shareholder or actual control. Jiangsu Transportation Holdings has committed not to reduce its holdings of these shares for 12 months following the registration completion.