Nanjing Securities completes $700m A-share issuance

Nanjing Securities Co., Ltd. has successfully completed a private placement of 713,266,761 A-shares to 21 specific investors at an issue price of CNY 7.01 per share, as verified by Tianheng Certified Public Accountants. This issuance raised a total of CNY 4,999,999,994.61. After deducting issuing expenses of CNY 102,660,609.58 (excluding VAT), the net proceeds amounted to CNY 4,897,339,385.03, with CNY 713,266,761.00 allocated to share capital and CNY 4,184,072,624.03 to capital reserve.

The issuance was approved by the China Securities Regulatory Commission (CSRC) and the Shanghai Stock Exchange, with regulatory opinions affirming compliance. The funds will bolster the company's capital, strengthen its service to the real economy, and enhance wealth management capabilities, supporting strategic growth and risk mitigation.

Following the issuance, Nanjing Securities' registered capital increased from CNY 3,686,361,034.00 to CNY 4,399,627,795.00. The company's controlling shareholder, Nanjing Zijin Investment Group Co., Ltd., acquired 71,326,676 shares, subject to a 60-month lock-up period, while other major investors have 36-month or 6-month lock-up periods.