Bank of Nanjing gets approval for article changes, plans preferred share redemption

Nanjing Bank Co., Ltd. announced that its proposed amendments to the articles of association have been approved by the Jiangsu Financial Regulatory Bureau. The revisions, initially approved at the 2024 annual general meeting and the first extraordinary general meeting of 2025, are now officially sanctioned, with the updated articles available on the Shanghai Stock Exchange website.

Concurrently, the bank issued its second reminder regarding the full redemption of its 0.49 bn outstanding preference shares ("South Silver Preferred 1"), totaling RMB 4.9 bn. These preference shares, issued on December 23, 2015, will be redeemed on December 23, 2025, at their par value of RMB 100 per share, plus any declared but unpaid dividends up to December 22, 2025.

The redemption was approved by the bank's tenth board of directors at its fifteenth meeting on November 21, 2025, and has received a "no objection" response from the Jiangsu Financial Regulatory Bureau. The board has been authorized to handle all related redemption procedures, aligning with the bank's strategic decisions for 2025.