Bank of Nanjing updates articles, prepares for 4.9 bn yuan preference share redemption

Bank of Nanjing Co., Ltd. announced its updated articles of association, revised in 2025, have been approved by the Jiangsu office of the National Financial Regulatory Administration. These amendments were adopted at the company's 2024 annual general meeting and the 2025 first extraordinary general meeting. The updated articles are available on the Shanghai Stock Exchange website.

The company also issued a second reminder regarding the redemption of its preference shares (South Bank Preferred 1 and South Bank Preferred 2). It plans to redeem all 490 million preference shares, with a par value of CNY 100 per share, totaling CNY 4.9 bn, on December 23, 2025. This redemption price includes the par value and declared but unpaid dividends for the period from December 23, 2024, to December 22, 2025.

The redemption plan was approved by the company's board of directors on November 21, 2025, and received a non-objection response from the Jiangsu office of the National Financial Regulatory Administration. This redemption follows approval granted by the 2015 second extraordinary general meeting, which authorized the board to handle all matters related to the redemption of preference shares.