CICC(03908), Dongxing(601198.SH), and Cinda(601059.SH) plan to merge through a absorption merger and stock swap.

CICC (03908) announced that on November 19, 2025, the company, Dongxing (601198.SH), and Cinda (601059.SH) (together with Dongxing collectively referred to as the "A-share target companies") signed a legally binding cooperation agreement to carry out a merger by absorption and exchange of shares. The company (as the surviving entity) will issue A-shares listed on the Shanghai Stock Exchange to the holders of A-shares of the A-share target companies listed on the Shanghai Stock Exchange. The proposed merger needs to be approved by the boards of directors and shareholders of the parties involved and must be formally implemented after obtaining approval from the relevant regulatory authorities. In addition, the A-shares of the company listed on the Shanghai Stock Exchange (stock code: 601995.SH) will be suspended from trading starting from the morning of November 20, 2025. The company's A-share announcement states that the expected suspension of trading will not exceed 25 A-share trading days. The company's H-shares and bonds listed on the Hong Kong Stock Exchange will also be suspended from trading until the compliance requirements applicable to the proposed merger are confirmed with the relevant regulatory authorities, and until the company publishes an announcement containing insider information in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.