Sword pointing to top-tier brokerage firm, CICC absorbs and merges with Dongxing Securities and Xinda Securities, proposal announced.

Through this restructuring, CICC will deepen strategic synergies with Dongxing Securities and Xinda Securities, achieving overall integration of resources and capital strength. After the merger, the company's asset size, business scale, and revenue scale will not only rise to the forefront of the industry, but also form a comprehensive service system covering "institutional and retail", "international and domestic", "standardized and specialized", with significantly enhanced comprehensive service capabilities and anti-cyclical fluctuation capabilities. After this transaction, CICC will achieve leapfrog development with total assets expected to exceed trillions of yuan, operating income ranking at the forefront of the industry, significantly strengthened capital strength, and overall competitiveness and service capacity for the real economy being effectively enhanced. Under the guidance of the national strategy of building a strong financial country, it will accelerate the realization of the strategic goal of building "a first-class investment bank with international competitiveness".