CITIC Securities issues new H-shares to raise HKD 18.6 billion for international business development.

CITIC Securities announced on the Hong Kong Stock Exchange that it has completed the issuance of new H shares to CITIC Financial Holdings at a price of HKD 23.13 per share, raising approximately HKD 18.6 billion. The proceeds will be retained overseas for the development of international business, including a capital increase of no more than RMB 16 billion for its wholly-owned subsidiary, CITIC Securities International. After the completion of this issuance, the new H shares will account for approximately 5.14% of the total number of issued shares. CITIC Financial Holdings will hold about 24% of the expanded total number of issued shares. The new H shares are subject to a 48-month lock-up period.