Orient (03958) intends to purchase 100% equity of Shanghai Securities by issuing A shares and paying cash.

Orient (03958) announces that the company plans to acquire 100% equity of Shanghai Securities held by Bailian Group, Guotai Haitong, International Investment, International Group, and Shanghai Urban Investment by issuing A shares and paying cash. Specifically, the company intends to acquire 50% equity of Shanghai Securities held by Bailian Group, 16.3333% equity held by International Investment, 7.6767% equity held by International Group, and 1% equity held by Shanghai Urban Investment through the issuance of A shares. The company also plans to acquire 18.7400% equity of Shanghai Securities held by Guotai Haitong through the issuance of A shares, and 6.2500% equity of Shanghai Securities held by Guotai Haitong through cash payment. The issue price of the shares is 10.29 yuan per share. Shanghai Securities is mainly engaged in brokerage, securities proprietary trading, futures, credit business, investment banking, asset management, fund evaluation research, etc. As of December 31, 2025, Shanghai Securities controls 2 wholly-owned subsidiaries and 1 wholly-owned secondary subsidiary, with 9 branch offices and 72 securities business departments, forming a business network centered in Shanghai and covering the Yangtze River Delta, Pearl River Delta, Beijing-Tianjin-Hebei, and Chengdu-Chongqing economic regions, providing comprehensive, systematic, multi-level, and professional financial services to a wide range of clients. After the completion of the transaction, the main business of the listed company will remain unchanged. The listed company will integrate resources from both parties to enhance complementary advantages, expand the company's asset size and capital strength, further improve comprehensive financial service capabilities, and enhance competitiveness in wealth management, investment banking, institutional services, etc. Consolidating competitive advantages and industry position, improving the quality and efficiency of financial services to the real economy, and enhancing the level of service for economic and social development.