Dongxing Securities: Planning a major asset restructuring, A-share stocks will be suspended from trading starting on November 20th.

Dongxing Securities announced that the company is planning a major asset restructuring with CICC and Cinda Securities. CICC will absorb and merge Dongxing Securities and Cinda Securities by issuing A-shares in exchange. Due to significant uncertainties in the matter, the company's A-shares will be suspended from trading starting November 20, 2025, with an expected suspension period of no more than 25 trading days. On November 19, 2025, the three parties have signed a "Cooperation Agreement", but this restructuring still requires approval from the respective board of directors, shareholders' meeting, and regulatory authorities, posing uncertainties.