The Great Wall of China acquires 300 million shares of Caitong Securities.

Recently, China Great Wall Management Co., Ltd. as the only bidder, successfully acquired approximately 300 million yuan worth of stocks from Caitong Securities. Compared to the latest closing price, the estimated profit for China Great Wall from winning the bid for these stocks at the starting price is 7.29%. It is worth mentioning that China Great Wall is also the controlling shareholder of Changcheng Guorui Securities, holding 67% of its shares. However, considering that Changcheng Guorui Securities has been included in the unified management of China Investment Corporation, becoming one of the possible integration targets for the future China Investment Corporation securities subsidiaries, and that the overall valuation of A-share securities industry is currently low, China Great Wall's bidding for Caitong Securities stocks this time may be purely for financial investment considerations.