Guolian Minsheng (01456) plans to transfer assets related to its wealth management business to Minsheng Securities without compensation.

Guolian Minsheng (01456) announced that the company intends to transfer relevant assets of its wealth management business to Minsheng Securities without compensation, and to transfer relevant assets of Minsheng Securities' fixed income investment business and equity investment business to the company without compensation. To optimize resource allocation and improve overall capital utilization efficiency, the company plans to reduce the registered capital of Minsheng Securities by 10 billion yuan, which means that the registered capital will be reduced from 1,151,025.2732 million yuan to 151,025.2732 million yuan. After the reduction, the company will still hold 100% of the shares of Minsheng Securities. This transfer without compensation will benefit the company by achieving a unified brand and operation for its wealth management business, optimizing branch management, strengthening resource collaboration, consolidating and enhancing the company's competitive advantage in the financial market, reducing operational management costs, and improving comprehensive financial service capabilities and overall operational efficiency. This capital reduction will facilitate the optimization of resource allocation and improve overall capital utilization efficiency. This capital reduction will not change the equity structure of Minsheng Securities, will not cause any changes in the scope of the company's consolidated financial statements, and will not have a significant impact on the company's current profit and loss. After the completion of the transfer without compensation and the capital reduction, Minsheng Securities' various risk control indicators and liquidity will be able to meet regulatory requirements and operational needs. The company will continue to include Minsheng Securities in its comprehensive risk management system and will provide net capital guarantees and liquidity support when necessary, ensuring the stable operation of Minsheng Securities.