The Securities Regulatory Commission issued an approval for CICC to absorb and merge Dongxing Securities and Cinda Securities. According to the approval, CICC will absorb and merge Dongxing Securities and Cinda Securities by adding new shares. After the merger is completed, the two securities companies will be dissolved in accordance with the law, and the branches will be changed to CICC branches. In addition, Dongfang Asset and Cinda Asset will become the main shareholders of CICC, with shareholding ratios of 8.03% and 16.76%, respectively. At the same time, CICC will become the main shareholder of Dongxing Fund and Cinda Australia and Asia Fund, and will control shareholders Xing Futures and Cinda Futures.

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