CITIC Securities: Plans for a major asset restructuring, A-shares to be suspended from trading starting on the 20th.

Sinotrust Securities announced that the company is planning a major asset restructuring through a stock swap absorption and merger of East Securities and Sinotrust Securities by Zhongjin Company. Due to significant uncertainties in the matter and to avoid abnormal fluctuations in the stock price, the company's A shares will be suspended from trading starting from November 20, 2025, for an expected period of no more than 25 trading days. On November 19, 2025, the three parties have signed a "Cooperation Agreement", but the restructuring still requires approval from the boards of directors, shareholders' meetings, and regulatory authorities, leading to uncertainties.