Nanjing Gaoke boosts stake in Nanjing Bank to 9.99%

Nanjing Gaoke has announced a significant increase in its stake in Nanjing Bank, acquiring an additional 148,303,153 shares for RMB 1,683,963,900 through concentrated bidding via the Shanghai Stock Exchange. The average acquisition price was RMB 11.35 per share. Following this transaction, which occurred since March 31, 2025, Nanjing Gaoke now holds a total of 1,236,356,694 shares, representing 9.99% of Nanjing Bank's total share capital.

This acquisition falls within the authorization granted by Nanjing Gaoke's Eleventh Board of Directors, which permitted additional net investment of up to RMB 1.8 bn in A-share listed companies until June 30, 2026. The transaction is not a related party transaction and does not constitute a major asset reorganization. The company's increased shareholding activities in Nanjing Bank are now complete.

Due to the equity method of accounting for its investment in Nanjing Bank and the bank's share price remaining below net asset value, Nanjing Gaoke recognized non-operating income of RMB 410,354,500 in the third quarter from the acquisition, positively impacting net profit by the same amount. For the full year, the non-operating income recognized from purchasing Nanjing Bank shares totals RMB 469,201,000, which is considered a non-recurring gain.