Hengtou Securities clarifies details on connected property leasing agreement

Hengtou Securities has issued a supplemental announcement clarifying details concerning its new framework agreement for property leasing and related services. The announcement, referencing an initial release dated April 11, 2025, focuses on providing further insights into the ultimate beneficial owners of Desheng Investment, the entity involved in the agreement. Desheng Investment is held through a private equity fund under the ABS Scheme and is wholly-owned by Kailong Private Equity Fund Management (Shanghai) Co., Ltd. Hengtou Securities confirms that, following reasonable inquiry, Desheng Investment and its beneficial owners are considered independent third parties. The Board, including Executive Director Zhu Yanhui and Non-Executive Directors Pang Jiemin, Wang Linjing, Li Ye, Yang Qin, Li Yanyong, Chen Xin, Xu Hongcai, and Cheng Zhuo, affirm that all other information in the original announcement remains valid.