CICC trading suspension continues amid merger talks

Trading in the H shares of China International Capital Corporation (CICC) and various notes, including $500,000,000 5.012% notes due 2027 and $1,250,000,000 5.493% notes due 2026, remains suspended since 9:00 a.m. on November 20, 2025. The suspension is pending confirmation from regulatory authorities regarding compliance for proposed mergers and the release of an announcement containing inside information.

The proposed mergers, which involve discussions between CICC, Dongxing Securities, and Cinda Securities, require 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 the SSE has also been halted since November 20, 2025, with the halt expected to last no more than 25 A share-trading days.

CICC has issued a warning advising shareholders and potential investors to exercise caution, noting there is no assurance that the proposed mergers will materialize. The company reminds the public that discussions may or may not result in mergers, and those in doubt should consult professional advisors.