Guolien Minsheng: Plans to transfer assets without compensation to its wholly-owned subsidiary, Minsheng Securities, and reduce its capital by 10 billion yuan.

Guotong Minsheng Announcement: The company intends to transfer the assets related to wealth management business free of charge to its wholly-owned subsidiary, Minsheng Securities. At the same time, the assets related to Minsheng Securities' fixed income investment business and equity investment business will also be transferred free of charge to the company. To optimize resource allocation, the company plans to reduce Minsheng Securities' registered capital by 10 billion yuan, and after the reduction, Minsheng Securities' registered capital will decrease from 11.51 billion yuan to 1.51 billion yuan. The company will continue to hold 100% of the shares of Minsheng Securities. This free transfer and capital reduction matter has been approved by the company's board of directors and does not constitute a related party transaction or a major asset restructuring.