Guolian (01456) issued shares to purchase assets and raise matching funds, obtaining approval from the China Securities Regulatory Commission.

Guolian (01456) announced that on December 27, 2024, the company received the approval from the China Securities Regulatory Commission for the issuance of shares to purchase assets and raise matching funds, as well as the approval for changes in the major shareholders of Guolian Limited and Minsheng Securities Co., Ltd., and changes in the controlling shareholders of Minsheng Fund Management Co., Ltd. and Minsheng Futures Co., Ltd. (CSRC Permit [2024] No. 1911). The main contents of the CSRC approval document are as follows: 1. Approval for the company to issue a total of 2,640,269,065 shares of A shares to 45 counterparties such as Guolian Group and Fengquanyu in the registration application to purchase target assets. 2. Approval for the company to issue A shares to raise matching funds not exceeding RMB 2 billion in the registration application. 3. Approval for Fengquanyu to become the major shareholder of the company, with no objection to Fengquanyu legally acquiring 361,431,213 shares of A shares of the company through stock exchange (accounting for 6.6051% of the total shares after issuance, excluding matching funds). 4. Approval for the company to become the major shareholder of Minsheng Securities, with no objection to the company legally acquiring 11,288,911,130 shares of Minsheng Securities (accounting for 99.2617% of the total shares of Minsheng Securities) through stock exchange. 5. Approval for Guolian Group to become the controlling shareholder of Minsheng Securities, Minsheng Fund Management Co., Ltd., and Minsheng Futures Co., Ltd.