Cinda Securities announced that the company, China International Finance Co., Ltd. and Dongxing Securities Co., Ltd. plan to absorb and merge Dongxing Securities and Cinda Securities by issuing A shares to all A-share exchange shareholders of Dongxing Securities and issuing A shares to all A-share exchange shareholders of Cinda Securities. Recently, the China Securities Regulatory Commission accepted administrative license applications involving the transaction, including the merger of CICC with Dongxing Securities and Cinda Securities, Cinda Australia and Asia Fund Management Co., Ltd.'s change of main shareholder, and Cinda Futures Co., Ltd.'s change of controlling shareholder, and issued the “China Securities Regulatory Commission Administrative License Application Acceptance Form” in accordance with the law. The transaction still requires approval by the Shanghai Stock Exchange and approval, approval, registration or approval from the China Securities Regulatory Commission and other competent authorities before it can be officially implemented. There is still uncertainty about whether it can be implemented.

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