Jiangsu Guotai: Terminating the use of part of idle funds of 1.5 billion yuan to establish a subsidiary for securities investment.

Jiangsu Guotai announced that the company held a board meeting on August 24, 2025, to approve the termination of the establishment of a subsidiary for securities investment with 1.5 billion RMB of idle self-owned funds. The securities investments made by the company and its subsidiaries in the past were based on strategic planning and involved long-term holding of stocks of listed companies related to the company's main business, not for short-term speculative trading purposes. The company will gradually exit its previous securities investments at the appropriate time. This proposal does not require approval from the shareholders' meeting.