Dongxing Securities: The merger and absorption of China International Capital Corporation and the matter involving XinDa Securities are still progressing.

Dongxing Securities announced that the company is planning a major asset reorganization with CICC and Guosen Securities. CICC will acquire and merge Dongxing Securities and Guosen Securities through a stock swap, which is expected to constitute a major asset reorganization but will not result in a reverse merger. The company's A shares will resume trading starting from December 18, 2025. As of the disclosure date of the announcement, the audit and other related work for the transaction has not been completed. The Board of Directors will convene another meeting to review the relevant proposals and fulfill disclosure obligations. The approval of various parties' boards of directors, shareholders' meetings, and regulatory authorities is still required for this transaction, and there is uncertainty associated with it.