CICC trading halted as merger discussions continue

Trading in H shares of China International Capital Corporation (CICC) and several notes, including $500,000,000 5.012% notes due 2027 and $1,250,000,000 5.493% notes due 2026, has been suspended since 9:00 a.m. on Thursday, November 20, 2025. The suspension is linked to proposed mergers and awaits confirmation from regulatory authorities regarding compliance.

The proposed mergers are currently awaiting approval from the board of directors and general meetings of the respective parties, as well as competent regulatory authorities. Trading in CICC's A shares on SSE has also been halted since November 20, 2025, with an expected suspension period of no more than 25 A share-trading days.

CICC has warned that there is no assurance the proposed mergers will materialize and advises shareholders and potential investors to exercise caution. The company recommends consulting professional stockbrokers, bank managers, or solicitors for advice regarding their actions.