Group 1 - The annual general meeting of Nanjing Securities Co., Ltd. is scheduled for June 30, 2025, at 10:00 AM in Nanjing [1] - The meeting will be conducted in accordance with the Securities Law, Company Law, and relevant regulations [2][4] - The notice for the meeting was published on June 7, 2025, detailing the time, location, and voting procedures [2][4] Group 2 - The meeting will utilize a combination of on-site and online voting, with online voting available from 9:15 AM to 3:00 PM on the day of the meeting [3] - A total of 645 shareholders and their proxies attended the meeting, representing 2,084,383,121 shares, which is 56.5431% of the total voting shares [4][5] Group 3 - The voting process was conducted in accordance with the company's articles of association, and the results were announced immediately [6][10] - All resolutions presented at the meeting were approved, with significant support from shareholders [6][10] - The voting results indicated that the majority of votes were in favor, with percentages consistently above 99% for various resolutions [6][7][8]

Core Viewpoint - Nanjing Securities has made progress on its 5 billion yuan private placement plan after two years of delays, with the shareholders approving an extension of the plan's validity period to July 4, 2026 [2][3]. Group 1: Private Placement Plan Details - The private placement plan, initially disclosed in April 2023 and accepted by the Shanghai Stock Exchange in May 2025, has undergone significant adjustments and is now in a critical review phase [4]. - The fundraising allocation has shifted from focusing solely on investments to a more balanced approach, with 5 billion yuan each for investment banking, wealth management, proprietary trading, and asset management, 13 billion yuan for debt repayment, 10 billion yuan for alternative and private subsidiaries, and 7 billion yuan for information technology and compliance risk control [4][5]. Group 2: Financial Health and Debt Management - Nanjing Securities currently has an outstanding bond balance of 21.4 billion yuan, with 7.7 billion yuan maturing before the end of 2025, raising concerns that the 13 billion yuan debt repayment plan may not be sufficient [5]. - The company previously completed a 4.375 billion yuan private placement in 2020, and the Shanghai Stock Exchange questioned the timing of the new financing, which Nanjing Securities justified by stating that the previous funds were fully utilized by June 2022 [6]. Group 3: Regulatory Environment and Industry Trends - The China Securities Regulatory Commission has indicated a shift towards more flexible refinancing for securities firms, with recent approvals for private placements from several firms, including Nanjing Securities [7][9]. - The focus of refinancing is transitioning from "scale expansion" to "quality improvement," with firms like Nanjing Securities aiming to enhance their service capabilities for the real economy through targeted investments [10].

Core Viewpoint - Nanjing Securities has made progress on its 5 billion yuan private placement plan after two years of delays, with the plan's validity extended to July 4, 2026 [2][5]. Group 1: Private Placement Plan - The private placement plan was first disclosed in April 2023 and received acceptance from the Shanghai Stock Exchange in May 2025, indicating a lengthy approval process [7]. - The fundraising focus has shifted from investment-centric to a balanced layout, allocating 5 billion yuan each to investment banking, wealth management, proprietary trading, and asset management, with 13 billion yuan for debt repayment, 10 billion yuan for alternative and private subsidiaries, and 7 billion yuan for IT and compliance [8]. - Nanjing Securities has 21.4 billion yuan in outstanding bonds, with 7.7 billion yuan maturing before the end of 2025, raising concerns about the adequacy of the 13 billion yuan debt repayment plan [8]. Group 2: Regulatory Environment - The China Securities Regulatory Commission (CSRC) has emphasized the need for securities firms to rationally determine financing scale and timing, focusing on shareholder returns and operational efficiency [11]. - Several securities firms, including Nanjing Securities, have adjusted their refinancing plans in response to regulatory changes, with a trend towards financing that supports light capital businesses [12]. - Recent developments indicate a "conditional normalization" of refinancing in the industry, with Nanjing Securities' private placement plan being part of this trend [12][14]. Group 3: Industry Trends - The focus of securities firms' refinancing is shifting from scale expansion to quality improvement, with Nanjing Securities aiming to enhance services for innovative enterprises through equity investments [14]. - The recent private placements by firms like Tianfeng Securities and Nanjing Securities reflect a broader industry movement towards supporting the real economy [12][14].

证券代码：601990 证券简称：南京证券 公告编号：临 2025-020 号 南京证券股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2025 年 6 月 30 日 (二)股东大会召开的地点：南京市江东中路 389 号（金融城 5 号楼）3 楼报告厅 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 645 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 2,084,383,121 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 56.5431 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由董事会召集，以现场投票和网络投票相结合的方式召开。公司董 事长李剑锋先生主持会议。会议的召集、召开和表决符合《公 ...

国浩律师（上海）事务所 法律意见书 2024 年年度股东大会的法律意见书 国浩律师（上海）事务所 Grandall Law Firm (Shanghai) 中国 上海 山西北路 99 号苏河湾中心 MT25-28 楼，200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Shanghai, China, 200085 电话/TEL: (8621) 5234-1668 传真/FAX: (8621) 5234-1670 关于南京证券股份有限公司 致：南京证券股份有限公司 南京证券股份有限公司（以下简称"公司"）2024 年年度股东大会（以下简称"本 次股东大会"）于 2025 年 6 月 30 日 10：00 在南京市江东中路 389 号（金融城 5 号楼）3 楼报告厅召开。国浩律师（上海）事务所（以下简称"本所"）接受公司的 委托，指派律师（以下简称"本所律师"）出席会议见证，并依据《中华人民共和国 证券法》（以下简称"《证券法》"）《中华人民共和国公司法》（以下简称"《公 司法》"）、中国证券监督管理委员会《上市公司股东会规则》（以下简称"《股东 会规则》"）和 ...

Group 1 - The company, Nanjing Securities Co., Ltd., is planning to issue A-shares to specific investors, including its controlling shareholder, Zijin Group, with a total fundraising amount not exceeding 5 billion yuan [2][4][6] - The issuance has been approved by the company's board and requires further approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [1][11] - The pricing for the shares will be based on the higher of 80% of the average trading price over the 20 trading days prior to the pricing date or the latest audited net asset value per share [2][3] Group 2 - Zijin Group will not participate in the market pricing process but will subscribe at the market price determined through the bidding process [4] - The shares subscribed by Zijin Group will be locked for 60 months, while other major shareholders will have a lock-up period of 36 months [5] - The total amount raised will be used to enhance the company's capital base and support various business areas, including wealth management and asset management [6][8] Group 3 - The company maintains its current control structure, with Zijin Group remaining the controlling shareholder after the issuance [6][8] - The company has established a profit distribution policy to ensure stable returns to shareholders over the next three years [7][8] - The company’s main business includes securities brokerage, investment banking, and asset management, which are closely tied to the performance of the capital markets [10]

Core Viewpoint - Nanjing Securities has received an inquiry letter from the Shanghai Stock Exchange regarding its application for a specific issuance of A-shares, and has responded with clarifications and updates to its fundraising documents [1][2] Group 1 - Nanjing Securities received the inquiry letter on May 27, 2025, from the Shanghai Stock Exchange concerning its application for issuing A-shares to specific investors [1] - The company, along with relevant intermediaries, has carefully studied the questions raised in the inquiry letter and has provided explanations and responses [1] - The company has also supplemented and revised its fundraising documents in accordance with the inquiry [1] Group 2 - The issuance of A-shares is subject to approval by the Shanghai Stock Exchange and registration by the China Securities Regulatory Commission [2] - There is uncertainty regarding whether the application will be approved and the timeline for such approval [2] - The company will fulfill its information disclosure obligations in a timely manner based on the progress of the application [2]

证券代码：601990 证券简称：南京证券 南京证券股份有限公司 Nanjing Securities Co.,Ltd. （南京市江东中路 389 号） 向特定对象发行 A 股股票 募集说明书 （修订稿） 保荐机构（主承销商） （苏州工业园区星阳街 5 号） 联席主承销商 南京证券股份有限公司 向特定对象发行 A 股股票募集说明书 声 明 本公司全体董事、监事、高级管理人员承诺本募集说明书不存在任何虚假 记载、误导性陈述或重大遗漏，并保证所披露信息的真实、准确、完整。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保 证募集说明书中财务会计报告真实、完整。 证券监督管理机构及其他政府部门对本次发行所作的任何决定，均不表明 其对发行人所发行证券的价值或者投资人的收益作出实质性判断或者保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由 发行人自行负责，由此变化引致的投资风险，由投资者自行负责。 二〇二五年六月 （云南省昆明市北京路 155 号附 1 号） 1-1-1 南京证券股份有限公司 向特定对象发行 A 股股票募集说明书 重大事项提示 ...

红塔证券股份有限公司 关于 南京证券股份有限公司 向特定对象发行 A 股股票 之 上市保荐书 保荐机构（主承销商） 云南省昆明市北京路 155 号附 1 号 二〇二五年六月 南京证券股份有限公司 向特定对象发行 A 股股票上市保荐书 保荐机构及保荐代表人声明 红塔证券股份有限公司及本项目保荐代表人曲太郎、李强已根据《公司法》 《证券法》等有关法律、法规和中国证监会的有关规定以及上海证券交易所（简 称"上交所"）的有关业务规则，诚实守信，勤勉尽责，严格按照依法制定的业 务规则、行业自律规范和道德准则出具本上市保荐书，并保证上市保荐书的真实、 准确和完整。 如无特别说明，本上市保荐书中的相关用语具有与《南京证券股份有限公司 向特定对象发行 A 股股票募集说明书》中相同的含义。 3-2-1 | 保荐机构及保荐代表人声明 1 | | --- | | 目录 2 | | 一、发行人基本情况 3 | | 二、发行人本次发行情况 10 | | 三、保荐代表人、项目协办人及项目组其他成员情况、联系方式 14 | | 四、关于保荐机构是否存在可能影响公正履行保荐职责情形的说明 15 | | 五、保荐机构的承诺事项 16 | | ...

红塔证券股份有限公司 关于 南京证券股份有限公司 向特定对象发行 A 股股票 之 发行保荐书 保荐机构（主承销商） 云南省昆明市北京路 155 号附 1 号 二〇二五年六月 南京证券股份有限公司 向特定对象发行 A 股股票发行保荐书 保荐机构及保荐代表人声明 红塔证券股份有限公司及本项目保荐代表人曲太郎、李强已根据《公司法》 《证券法》等有关法律、法规和中国证监会的有关规定以及上海证券交易所（简 称"上交所"）的有关业务规则，诚实守信，勤勉尽责，严格按照依法制定的业 务规则、行业执业规范和道德准则出具本发行保荐书，并保证发行保荐书的真实 性、准确性和完整性。 如无特别说明，本发行保荐书中的相关用语具有与《南京证券股份有限公司 向特定对象发行 A 股股票募集说明书》中相同的含义。 3-1-1 | 保荐机构及保荐代表人声明 | 1 | | --- | --- | | 目 | 录 2 | | 第一节 | 本次证券发行基本情况 3 | | | 一、保荐机构工作人员简介 3 | | | 二、发行人基本情况 4 | | | 三、发行人与保荐机构之间是否存在关联关系的情况说明 8 | | | 四、本保荐机构的内部审核程序和 ...