Is there a plan to acquire Huaxin? Guoyuan Securities responded.

Regarding the question of "whether Guo Yuan will acquire Huaan", Guo Yuan Securities stated during the performance briefing that in recent years, the securities industry has continued to promote mergers and acquisitions. Cases of regional securities firms merging and restructuring, and optimization of resources within state-owned asset systems have continuously emerged, leading to a clearer trend of increased industry concentration and differentiated development. The company will continue to study various development opportunities that are conducive to enhancing core competitiveness, service capabilities for the real economy, and long-term shareholder value, taking into account industry trends, regulatory policy guidance, its own strategic planning, and operational reality. As of now, the company does not have any significant undisclosed matters that should be disclosed. In the future, if any relevant matters meeting disclosure standards arise, the company will strictly adhere to legal regulations and regulatory requirements, and promptly fulfill review procedures and disclosure obligations.