Guotai Junan (601211.SH) has received approval and approval from the China Securities Regulatory Commission for the stock swap absorption and merger of Haitong, as well as the accompanying fundraising matters.

Guotai Junan (601211.SH) announcement, the company plans to acquire and merge Haitong by issuing A shares to all A-share shareholders of Haitong and issuing H shares to all H-share shareholders of Haitong, and raise supporting funds by issuing A shares. On January 17, 2025, the China Securities Regulatory Commission issued the "Approval for Guotai Junan Securities Co., Ltd. to acquire and merge Haitong Securities Co., Ltd., raise supporting funds, approve the change of major shareholders and actual controllers of Guotai Junan Securities Co., Ltd., Haitong Fund Management Co., Ltd., and Fullgoal Fund Management Co., Ltd., and the actual controller of Hai Tong Futures Co., Ltd. Change of major shareholder".