China Galaxy Securities extends financial product agreements with controlling shareholder

China Galaxy Securities Co., Ltd. has entered into a new Securities and Financial Products Transactions Framework Agreement with Galaxy Financial Holdings, its controlling shareholder, effective from January 1, 2026, to December 31, 2028. This agreement extends existing continuing connected transactions, including various securities, financial products, and financing activities. Galaxy Financial Holdings holds approximately 47.43% of the company's total issued shares.

Under the new agreement, the estimated maximum cap amounts for securities and financial products transactions (excluding financing transactions) are set at RMB5,000 million for both total net inflow and total net outflow for each year ending 31 December 2026, 2027, and 2028. For financing transactions, specifically collateralized securities repurchase transactions, the maximum daily balance, including accrued interest, is capped at RMB5,300 million for each of these three years.

These transactions are classified as continuing connected transactions under Chapter 14A of the Listing Rules. As the applicable percentage ratios are between 0.1% and 5%, the transactions are subject to reporting, announcement, and annual review requirements but are exempt from independent shareholders' approval. The company's directors deem these transactions to be on normal commercial terms, fair, reasonable, and in the interests of the company and its shareholders.