Guotai Junan (601211.SH): Stock-for-stock absorption merger with Haitong approved by the Shanghai Stock Exchange.

Guotai Junan (601211.SH) announced that it plans to acquire Haitong by issuing A shares to all A shareholders of Haitong and H shares to all H shareholders of Haitong through a share swap and issuing A shares to raise additional funds. The Mergers and Acquisitions Review Committee of the Shanghai Stock Exchange held a meeting on January 9, 2025 to review the application for this transaction. According to the "Announcement of the Results of the 1st Mergers and Acquisitions Review Committee Meeting of the Shanghai Stock Exchange Mergers and Acquisitions Review Committee in 2025" issued by the committee, the transaction complies with the restructuring conditions and disclosure requirements.