Haitong (06837) is absorbed and merged by Guotai Junan (02611), and raises supporting funds with the approval and registration of the China Securities Regulatory Commission.

Haitong (06837) announced that on January 17, 2025, the China Securities Regulatory Commission issued the "Approval of the Guotai Junan Securities Co., Ltd.'s absorption and merger of Haitong Co., Ltd. and raising of matching funds, approval of Guotai Junan Securities Co., Ltd.'s absorption and merger of Haitong Co., Ltd., approval of the change of major shareholders and actual controllers of Haifutong Fund Management Co., Ltd., approval of the change of major shareholders of Fuguo Fund Management Co., Ltd., and approval of the change of major shareholders and actual controllers of Haitong Futures Co., Ltd." (CSRC License [2025] No. 96), with the following main points: 1. Approval of Guotai Junan's application to absorb and merge Haitong by issuing an additional 5,985,871,332 shares. 2. Approval of Guotai Junan's application to issue shares to raise matching funds of no more than 10 billion yuan. 3. Approval of Guotai Junan's absorption and merger of Haitong. After the merger, Haitong will be dissolved in accordance with the law, and the original Haitong branches will be changed to Guotai Junan branches. 4. Approval of Guotai Junan as the major shareholder of Haifutong Fund Management Co., Ltd. (hereinafter referred to as Haifutong Fund); approval of Shanghai International Group Co., Ltd. as the actual controller of Haifutong Fund; no objections to Guotai Junan's legally taking over 153 million yuan of capital injection into Haifutong Fund (accounting for 51% of the registered capital). 5. Approval of Guotai Junan as the major shareholder of Fuguo Fund Management Co., Ltd. (hereinafter referred to as Fuguo Fund); no objections to Guotai Junan's legally taking over 144.43 million yuan of capital injection into Fuguo Fund (accounting for 27.775% of the registered capital). 6. Approval of Guotai Junan as the major shareholder of Haitong Futures Co., Ltd. (hereinafter referred to as Haitong Futures); approval of Shanghai International Group as the actual controller of Haitong Futures; no objections to Guotai Junan's legally taking over 1,083,101,687 shares of Haitong Futures (accounting for 83.22% of the registered capital). 7. Guotai Junan shall strictly follow the relevant application documents submitted to the Shanghai Stock Exchange for this issuance of shares to absorb and merge Haitong and raise matching funds, and shall handle the relevant procedures for this issuance of shares in accordance with relevant regulations and fulfill information disclosure obligations in a timely manner.