Nanjing Securities Co., Ltd. announced a private placement of not more than 1,105,908,310 A shares for gross proceeds of not more than CNY 5,000,000,000 on April 29, 2023. The transaction will include participation from not more than 35 specific investors including the returning investor Nanjing Zijin Investment Group Co., Ltd. The transaction needs to be reviewed and approved by the company's shareholders meeting, and can only be implemented after being approved by the Shanghai Stock Exchange and approved by the China Securities Regulatory Commission for registration. The company will perform its information disclosure obligations in a timely manner in accordance with relevant regulations based on subsequent progress.