CITIC Securities unit discloses dealings in China Shengmu shares

On November 4, 2025, a public disclosure form revealed dealings in China Shengmu Organic Milk Limited shares by CITIC Securities International Capital Management Limited, a Class (5) associate connected with a potential mandatory general offer. The dealings, made for its own account, involved both purchases and sales of shares on November 3, 2025.

CITIC Securities International Capital Management Limited purchased 1,000,000 ordinary shares for a total of $350,000.00, at a highest and lowest price of $0.3500 per share. Concurrently, it sold 1,000,000 ordinary shares for $350,000.00, also at a highest and lowest price of $0.3500 per share. These transactions were identified as closing, flattening, or unwinding proprietary positions from unsolicited client-driven dealings.

Further transactions on the same day involved 868,000 Delta 1 products and ordinary shares. CITIC Securities International Capital Management Limited purchased 868,000 units for $299,460.00, priced at $0.3450 per unit, and sold 868,000 units for $299,460.00, also at $0.3450 per unit. CITIC Securities International Capital Management Limited is ultimately owned by CITIC Securities Company Limited.