HAITONG UT (01905) receives a partial offer from Shanghai International Group at a substantial premium; trading to resume on October 26.

HAITONG UT (01905) and the Domestic Share Offeror Shanghai State-owned Assets Operation Co., Ltd. and the H Share Offeror Shanghai International Group (Hong Kong) Limited jointly announced that the Domestic Share Offeror will make a voluntary cash partial offer subject to pre-conditions to acquire approximately 1.245 billion Domestic Shares from Domestic Shareholders (representing approximately 51.00% of the issued Domestic Shares and approximately 15.12% of the issued shares as at the date of this joint announcement); the Joint Financial Advisers will, on behalf of the H Share Offeror, make a voluntary cash partial offer subject to pre-conditions to acquire approximately 2.955 billion H Shares from all H Shareholders (representing approximately 51.00% of the issued H Shares and approximately 35.88% of the issued shares as at the date of this joint announcement). The offer price per Domestic Share is RMB1.85 in cash, and the offer price per H Share is HK$2.16 in cash, representing a premium of approximately 80.0% over the closing price of HK$1.20 per H Share as quoted on the Stock Exchange on the last trading day. The total cash consideration payable by the Domestic Share Offeror under the Domestic Share Partial Offer is approximately RMB2.303 billion, and the total cash consideration payable by the H Share Offeror under the H Share Partial Offer is approximately HK$6.383 billion. In addition, the Company has applied to the Stock Exchange for resumption of trading in the H Shares and the Notes with effect from 9:00 a.m. on October 26, 2026. It is understood that both the Domestic Share Offeror and the H Share Offeror are direct wholly-owned subsidiaries of Shanghai International Group, and the ultimate beneficial owner of Shanghai International Group is the Shanghai Municipal State-owned Assets Supervision and Administration Commission. As at the date of this joint announcement, Shanghai International Group holds approximately 20.46% equity interest in Guotai Haitong. As a major state-owned investment platform in Shanghai, Shanghai International Group will be able to leverage its strong resource mobilization capabilities, industry relationships and policy support to provide a platform for the Group to help it further enhance its market share through organic and inorganic means. As a strong strategic shareholder, Shanghai International Group is committed to providing resources to the Group to accelerate business growth, enabling the Group to expand its operating scale and consolidate its market position. Shanghai International Group will also, in due course, support the Group as a core platform to promote the potential optimization and integration of municipal state-owned financial leasing companies, with a view to building the Group into a leading state-owned financial leasing enterprise with a clear market positioning and unique value proposition.