CITIC Securities (06030) plans to issue new H shares to China Citic Group to raise 16 billion yuan.

CITIC SEC (06030) announced that on May 28, 2026, the board of directors approved the issuance of H shares to specific parties. Accordingly, the company has entered into a stock subscription agreement with CITIC International Holdings to issue new H shares at the H share issue price (23.13 Hong Kong dollars per share). The number of shares issued will be calculated based on the final total amount raised, which is 1.6 billion RMB divided by the H share issue price (with the calculation rounded down to the nearest whole number). The funds raised will be used entirely for the development of the company's international business, including a capital increase of up to 1.6 billion RMB for its overseas wholly-owned subsidiary CITIC SEC International. The capital increase will be implemented in one or more phases, depending on regulatory approvals, the company's capital situation, and the business development of CITIC SEC International. Any portion of the funds raised that has not been allocated to CITIC SEC International will be retained overseas for expanding operations abroad and providing shareholder loans to CITIC SEC International, in order to meet its business development needs for funding and liquidity.