Cinda Securities announced that CICC plans to transfer shares and absorb the merged company by issuing A shares to all of the company's A-share exchange shareholders. The transaction has been approved by the Securities Regulatory Commission. The listing of the company's shares will end on October 19, 2026. The share registration date for the A-share exchange is October 16, 2026, and the share exchange ratio is 1:0.52100, that is, every 1 share of the company's A shares can be exchanged for 0.5210 CICC A-shares. After the merger is completed, the company will cancel its legal personality, and all assets, liabilities, and business will be taken over by CICC.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.