Huatai Securities to repurchase and cancel restricted A shares

Huatai Securities Co. is implementing the repurchase and cancellation of 438,495 restricted A shares from 143 incentive participants who either failed to meet individual performance conditions or left the company. This action aligns with the company's Incentive Scheme provisions. Following this, the remaining number of restricted A shares under the Incentive Scheme will be 1,060,000.

The company has initiated the process by opening a dedicated securities account and submitting an application for the repurchase and cancellation. The cancellation of the affected restricted A shares is expected to be finalized on September 11, 2025. This move will result in a decrease in the total number of A shares, reducing the overall share capital of Huatai Securities from 9,027,302,281 to 9,026,863,786 shares.

Huatai Securities affirms that the decision-making process and information disclosure regarding this action comply with relevant laws and regulations. Beijing King & Wood Mallesons has issued a legal opinion confirming the company’s adherence to compliance requirements for this repurchase and cancellation.