南京证券股份有限公司 本公司监事会及全体监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。 南京证券股份有限公司（以下简称"公司"）第四届监事会第九次会议于 2025 年 6 月 6 日在公司总部以现场结合通讯方式召开，会议通知及材料于 2025 年 6 月 3 日以邮件方式发出。会议应出席监事 7 名，实际出席 7 名（其中监事黄 涛、田志华、鲁振国以视频方式出席会议）。本次会议的召集、召开及表决程序 符合有关法律法规、规章、规范性文件以及公司《章程》等规定。会议由监事会 主席秦雁主持，部分高级管理人员列席会议。会议作出如下决议： 证券代码：601990 证券简称：南京证券 公告编号：临 2025-017 号 第四届监事会第九次会议决议公告 特此公告。 南京证券股份有限公司监事会 2025 年 6 月 7 日 1 审议并通过《关于延长公司向特定对象发行 A 股股票股东大会决议及相关 授权有效期的议案》。 表决结果：同意 5 票；反对 0 票；弃权 0 票。关联监事黄涛、田志华回避表 决。 本议案需提交股东大会审议。 ...

证券代码：601990 证券简称：南京证券 公告编号：临 2025-016 号 表决结果：同意 11 票；反对 0 票；弃权 0 票。关联董事陈玲、孙隽、成晋 锡、李雪回避表决。 公司于 2024 年 7 月 5 日召开 2024 年第一次临时股东大会，审议通过了《关 于延长公司向特定对象发行 A 股股票股东大会决议及相关授权有效期的议案》， 同意将公司向特定对象发行 A 股股票（以下简称"本次发行"）股东大会决议的 有效期、股东大会授权董事会及董事会转授权管理层办理本次发行相关事宜的有 效期自原有效期届满之日起延长 12 个月。本次发行申请已获得上海证券交易所 受理，鉴于本次发行的股东大会决议有效期及股东大会相关授权的有效期将于近 期到期，为保持公司本次向特定对象发行 A 股股票工作的延续性和有效性，有 序推进相关工作，公司董事会提请股东大会批准将本次发行的股东大会决议及股 东大会相关授权的有效期自原有效期届满之日起再次延长 12 个月，若公司在前 述有效期内取得中国证券监督管理委员会作出的同意注册批复，则前述股东大会 决议和股东大会相关授权的有效期顺延至本次发行完成之日。除延长前述有效期 外，本次发行的其 ...

Core Viewpoint - The recent approval of private placements by three securities firms marks a significant shift in the refinancing landscape, indicating a regulatory push towards optimizing business structures and enhancing service to the real economy [1][6][7] Group 1: Recent Developments in Securities Firms - In May, Tianfeng Securities, Nanjing Securities, and Zhongtai Securities received regulatory approval for their private placement plans, signaling a revival of the previously stagnant refinancing market [1][2] - Tianfeng Securities plans to raise up to 4 billion yuan, while Nanjing Securities aims for 5 billion yuan and Zhongtai Securities for 6 billion yuan through their respective private placements [2][4] Group 2: Characteristics of the Private Placements - A common feature among the three firms is the active participation of their controlling shareholders in the subscription process, aligning with current regulatory encouragement for major shareholders to increase their stakes [4][5] - The fundraising targets have been refined to focus more on enhancing services to the real economy, with Tianfeng Securities allocating funds for wealth management, trading, and debt repayment [4][5] Group 3: Regulatory Environment and Guidance - The recent approvals reflect a response to the regulatory emphasis on capital efficiency and the need for securities firms to focus on their core responsibilities while serving the real economy [6][7] - Regulatory bodies have reiterated the importance of prudent financing practices, urging firms to carefully determine the scale and timing of fundraising efforts to protect the interests of all investors, particularly minority shareholders [6][7]

一、适用基金范围 ■ 根据上银基金管理有限公司（以下简称"本公司"）与上海国信嘉利基金销售有限公司（以下简称"国信 嘉利基金"）签署的销售协议和相关业务准备情况，自2025年6月4日起，国信嘉利基金将开始销售本公 司旗下部分基金。 注：在遵守基金合同、招募说明书及相关业务公告的前提下，销售机构办理各项基金销售业务的具体日 期、时间、流程、业务类型及费率优惠活动（如有）以销售机构的安排和规定为准。 二、投资者可通过以下途径咨询有关详情 1、上海国信嘉利基金销售有限公司 网站：www.gxjlcn.com 客户服务电话：021-68809999 2、上银基金管理有限公司 网站：www.boscam.com.cn 客户服务电话：021-60231999 风险提示：本基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一定盈 利，也不保证最低收益。基金投资有风险，投资者在做出投资决策之前，请认真阅读基金合同、招募说 明书（更新）和基金产品资料概要（更新）等法律文件，充分认识基金的风险收益特征和产品特性，认 真考虑基金存在的各项风险因素，并根据自身的投资目的、投资期限、投资经验、资产状况等因素充分 ...

Core Viewpoint - The recent acceptance of capital increase applications by several listed securities firms, including Zhongtai Securities, indicates a thawing in the previously stagnant environment for securities firms' private placements, aligning with regulatory encouragement for firms to focus on their core responsibilities and enhance their service capabilities to the real economy [2][4][11] Group 1: Zhongtai Securities' Capital Increase - Zhongtai Securities plans to raise no more than 6 billion yuan through a private placement, with its controlling shareholder, Zaozhuang Mining Group, participating in the subscription [1][2] - The issuance will not exceed 30% of the company's total share capital prior to the issuance, amounting to no more than 2.091 billion shares [2] - The funds raised will be allocated to various areas, including information technology, alternative investment, market-making, wealth management, and debt repayment [3] Group 2: Regulatory Environment and Trends - The recent trend shows that three securities firms, including Zhongtai, Tianfeng, and Nanjing Securities, have updated their capital increase plans, all involving their controlling shareholders and focusing on enhancing services to the real economy [2][8] - The regulatory environment has shifted to support securities firms in supplementing capital through reasonable means, reflecting a broader policy direction [4][10] - The participation of state-owned shareholders in these capital increases is seen as a dual benefit, enhancing the firms' capital strength while supporting local economic development [9] Group 3: Changes in Fund Allocation - The revised capital increase plans from Zhongtai and Nanjing Securities indicate a shift in fund allocation towards core business areas, including compliance and risk control, as well as debt repayment [5][10] - The emphasis on aligning fundraising purposes with regulatory encouragement highlights the ongoing scrutiny and expectations from regulatory bodies regarding the financing strategies of listed securities firms [10][11]

券业再融资市场迎来阶段性"解冻"。五月份以来，中泰证券、南京证券、天风证券三家券商定增事宜相继获得进展。这一现象背后并非简单的政策放松，而 是券商在监管引导下主动调整业务结构，深化服务实体经济功能的体现。三家券商定增项目的推进，反映出再融资正从传统的"规模扩张"模式转向"提质增 效"导向。 服务实体经济功能的深化 券商再融资的核心目标正在发生根本性转变。传统的规模扩张思路让位于服务实体经济的功能导向。三家券商在定增方案中均明确表达了这一理念转变。 中泰证券表示，将利用定增募资向全资另类投资子公司中泰创投增资，推动优质项目落地，提高直接融资效率。公司还计划加大对国债、地方政府债、企业 债等证券的投入力度，通过多元化的投资组合更好地服务实体经济发展。这种资金配置方式体现了券商从单纯的资本扩张转向精准服务的战略调整。 南京证券的定增计划更加突出了对科技创新企业的服务功能。公司明确提出要加强对代表新质生产力、"专精特新"等科技创新企业的服务力度。通过股权投 资引导资本投早、投小、投长期、投硬科技，有效发挥证券公司中介作用，服务地方科技创新和产业创新融合。 天风证券的定增方案则聚焦于深化服务实体经济、深耕湖北辐射全国的 ...

2025 年 5 月 27 日，公司完成了本期短期融资券的本息兑付工作。 特此公告。 南京证券股份有限公司董事会 2025 年 5 月 28 日 1 证券代码：601990 证券简称：南京证券 公告编号：临 2025-015 号 南京证券股份有限公司 2024 年度第五期短期融资券兑付完成公告 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。 南京证券股份有限公司（以下简称"公司"）于 2024 年 11 月 22 日发行了 2024 年度第五期短期融资券，发行金额为人民币 10 亿元，票面利率为 1.92%， 期限为 183 天，兑付日期为 2025 年 5 月 27 日（详见公司于 2024 年 11 月 26 日 披露的《南京证券股份有限公司 2024 年度第五期短期融资券发行结果公告》）。 ...

Core Viewpoint - The recent announcement by Nanjing Securities regarding its A-share issuance indicates a potential easing of restrictions on refinancing for listed brokerages in the A-share market [1][4]. Group 1: Financing and Capital Raising - Nanjing Securities has initiated a non-public offering of A-shares, aiming to raise up to 5 billion yuan, with its controlling shareholder, Zijin Group, planning to subscribe for 500 million yuan [1][2]. - The company has revised its fundraising plan to allocate funds across seven key areas, including investment banking, wealth management, and compliance risk control [2][3]. - The recent trend shows a slight relaxation in the refinancing pace for listed brokerages, with successful fundraising activities from other brokerages like Guolian Minsheng and Tianfeng Securities [4][5]. Group 2: Financial Performance - For the year 2024, Nanjing Securities reported a revenue of 3.147 billion yuan and a net profit of 1.002 billion yuan, marking year-on-year increases of 27.12% and 47.95%, respectively, achieving the highest figures since its IPO in 2018 [1][6]. - The company's net capital stood at 15.225 billion yuan by the end of 2024, reflecting a 1.04% increase from the previous year, ranking it 34th among 49 listed brokerages in A-shares [1][6]. - The company experienced growth across all four main business lines in 2024, with notable increases in securities and futures brokerage, investment banking, and asset management [6][7]. Group 3: Business Strategy and Market Position - Nanjing Securities has focused on enhancing its capabilities in investment banking and wealth management, with specific allocations for improving technology and compliance risk management [3][6]. - The company has successfully managed to maintain a competitive edge in the market despite a tightening financing environment, evidenced by its performance in underwriting convertible bonds and restructuring projects [7].

Core Viewpoint - Nanjing Securities has made significant progress in its 5 billion yuan private placement, receiving acceptance from the Shanghai Stock Exchange for its securities issuance application, which is a crucial step towards implementation [1][2] Group 1: Background and Purpose of the Fundraising - The company aims to enhance its capital strength to better manage risks and gain competitive advantages in the current regulatory environment focused on net capital and liquidity [2] - The fundraising will focus on core business areas to improve service capabilities for the real economy and enhance overall competitiveness and risk resistance [2] - The initial plan for the private placement was adjusted from high capital-consuming businesses to "light asset" directions like wealth management and investment banking, aligning with regulatory guidance and industry trends [2][7] Group 2: Details of the Private Placement - Nanjing Securities plans to issue A-shares to no more than 35 specific investors, including its controlling shareholder, Nanjing Zijin Investment Group, with a total fundraising amount not exceeding 5 billion yuan [3][4] - The total number of shares to be issued will not exceed 30% of the company's total share capital prior to the issuance, amounting to a maximum of 1.106 billion shares [3] - The funds raised will be used entirely to supplement the company's capital after deducting issuance costs [3][4] Group 3: Allocation of Raised Funds - The allocation of the 5 billion yuan will include: - Up to 500 million yuan for investment banking to enhance service capabilities [4][5] - Up to 500 million yuan for wealth management to improve service and product systems [4][5] - Up to 500 million yuan for purchasing government and corporate bonds to support economic growth [4][5] - Up to 500 million yuan for asset management to enhance active management capabilities [4][5] - Up to 1 billion yuan for investments in alternative subsidiaries and private equity [4][5] - Up to 700 million yuan for information technology and compliance risk control [4][5] - Up to 1.3 billion yuan for debt repayment and operational funding [4][5] Group 4: Industry Context and Regulatory Environment - Since 2023, the securities industry has shifted towards capital-saving development, with tightened IPO and refinancing processes leading to a slowdown in financing for listed brokerages [8][9] - The China Securities Regulatory Commission has emphasized the need for prudent refinancing, focusing on quality over scale, and has implemented stricter regulations on financing behaviors [9][10] - The acceptance of Nanjing Securities' private placement application marks a potential shift in the regulatory environment, indicating a more rational approach to financing in the industry [10]

Group 1 - Nanjing Securities has received approval for a 5 billion yuan private placement, marking a restart of refinancing for listed brokerages, which may enhance capital structure and risk resilience [1] - Tianfeng Securities also had its long-stalled private placement approved by the Shanghai Stock Exchange, indicating a revival in the private placement market [1] - The resumption of refinancing activities is expected to boost market confidence and promote the stability and healthy development of the capital market [1] Group 2 - Fund manager Bao Wuke has resigned from Invesco Great Wall Fund for personal reasons, which may lead to short-term fluctuations in investor confidence in the funds he managed [2] - The frequency of fund manager changes has been high this year, with 138 fund managers leaving their positions, reflecting a trend of talent mobility in the fund industry [2] - The departure of notable fund managers may raise concerns about the stability of fund management, potentially influencing investor choices regarding fund products [2] Group 3 - Bond funds demonstrated strong fundraising capabilities, attracting over 19.2 billion yuan in a single week, indicating a preference for low-risk fixed-income assets among investors [3] - Five bond funds accounted for 80.19% of the total issuance, highlighting the market's focus on stable returns in the current environment [3] - The trend of significant inflows into bond funds suggests a decline in risk appetite among investors, favoring conservative investment strategies [3] Group 4 - Fund managers have collectively purchased over 2 billion yuan worth of equity funds this year, reflecting their confidence in the market [4] - The self-purchase behavior of fund managers is seen as a positive signal that may help stabilize market sentiment and enhance investor confidence [4] - This trend may benefit related sectors, such as finance and asset management, as it contributes to an overall improvement in market confidence [5]