Guotai Junan to merge with Haitong, issue shares

Guotai Junan Securities Co., Ltd. (SSE: 601211) has announced that its proposed merger with Haitong Securities and associated fundraising plans have cleared a key regulatory hurdle. The underwriting summary report and related materials for the issuance of shares to specific targets to raise matching funds have been filed and approved by the Shanghai Stock Exchange. The company stated that it will proceed promptly with the registration and custody of the newly issued shares. Investors are advised to consult the detailed "Report on the Issuance of Shares to Specific Objects for Raising Matching Funds for the Merger of Haitong Securities Co., Ltd. and Related Transactions," which has been disclosed on the Shanghai Stock Exchange website and designated media outlets. The announcement was made on March 8, 2025.