Guotai Haitong Securities renews framework agreement with HuaAn Funds

Guotai Haitong Securities Co. announced the renewal of its framework agreement with HuaAn Funds, effective from January 1, 2026, to December 31, 2028. This agreement covers continuing transactions including securities and financial product transactions and a range of financial services. The board has established an independent board committee and appointed Gram Capital Limited as independent financial adviser for this renewal, which is subject to independent shareholders' approval at an EGM on December 29, 2025.

The proposed annual caps for securities and financial product transactions project inflows of 40,844.12 million yuan, 53,538.92 million yuan, and 62,082.59 million yuan for 2026, 2027, and 2028 respectively. Outflows are projected at 41,778.03 million yuan, 54,598.83 million yuan, and 63,186.50 million yuan for the same periods. Financial services are anticipated to generate revenues of 252.15 million yuan, 255.69 million yuan, and 259.69 million yuan, with fees payable by the group at 71.00 million yuan, 82.50 million yuan, and 94.23 million yuan for 2026, 2027, and 2028 respectively.

These projections reflect an expected increase in business scale following Guotai Haitong Securities’ merger with Haitong Securities in March 2025, expanding asset scale and business volume. The transactions are deemed to be in the ordinary course of business, on normal commercial terms, and in the best interests of the company and its shareholders.