After a failed auction over half a month ago, the eighth-largest domestic shareholder of BANK OF JIUJIANG has relisted its stake for sale. The starting price for this auction is set at 341 million yuan, a reduction of 86 million yuan from the previous attempt.

According to the judicial auction platform, Jiangxi Baoshen Industrial Co., Ltd.'s domestic shares in BANK OF JIUJIANG CO., LTD. will undergo a second auction on December 1, 2025. The shares are divided into two lots: 23.652 million shares and 18.00001 million shares, totaling 41.65201 million shares. The starting prices are 193 million yuan and 148 million yuan, respectively, summing up to approximately 341 million yuan, with a per-share price of 8.19 yuan.

These shares were initially auctioned in October, with an assessed value of 609 million yuan and a combined starting price of 427 million yuan, translating to 10.24 yuan per share. The first auction was discounted by 30% from the assessed value, while the second auction sees an additional price cut of 86 million yuan, marking a 44% discount from the valuation.

This is not the first time these shares have been listed for auction. In June 2021, the stake was divided into seven lots for auction, with an assessed per-share price based on BANK OF JIUJIANG's net asset value of 10.79 yuan. The starting price was set at 7.55 yuan per share but failed to attract bidders. Subsequent auctions in July and September 2021 were either suspended or withdrawn due to legal and procedural reasons.

Jiangxi Baoshen Industrial Co., Ltd. is considered a long-standing shareholder of BANK OF JIUJIANG, having invested as early as 2007 and once ranking as the fifth-largest shareholder. Before the bank's Hong Kong IPO, the company increased its stake by 20 million shares through auctions. Its chairman, Wan Haobo, previously served as a director and supervisor of the bank. As of the first half of 2025, Jiangxi Baoshen holds 84.79201 million shares, making it the eighth-largest domestic shareholder.

Originally named Jiujiang City Commercial Bank, BANK OF JIUJIANG was established in 2000 through the consolidation of eight urban credit cooperatives in Jiujiang. It rebranded in 2008 and went public on the Hong Kong Stock Exchange in 2018, becoming the first prefecture-level city commercial bank in Jiangxi Province to list on the main board. The bank has since established 20 rural banks, achieving full coverage across Jiangxi's prefecture-level cities.

As of Q3 2025, BANK OF JIUJIANG reported total assets of 521.334 billion yuan, with operating income of 8.03 billion yuan (down 4.04% YoY) and net profit of 866 million yuan (up 3.94% YoY). Based on 2.847 billion outstanding shares, its net asset value per share stands at 14.92 yuan.

In addition to Jiangxi Baoshen's stake, shares held by the seventh-largest domestic shareholder, Junhe (Xiamen) Holding Co., Ltd., are also set for auction on December 5. The 44.61308 million shares have an assessed and starting price of 513 million yuan, or 11.5 yuan per share. Junhe (Xiamen) has been a long-term shareholder, increasing its stake to 86.65508 million shares in 2017 through auctions.

Notably, the assessed per-share prices for the December 1 and December 5 auctions are 10.24 yuan and 11.5 yuan, respectively, while the starting prices are 8.19 yuan and 11.5 yuan—both below the bank's net asset value per share, with a significant gap of 3.31 yuan between them.

As of November 21, 2025, BANK OF JIUJIANG's Hong Kong-listed shares continue to decline, currently trading at 1.74 HKD.