Southwest Securities: Yufu Holdings to become controlling shareholder

In January 2025, Southwest Securities announced a change in its controlling shareholder. Chongqing Yufu Holding Group Co., Ltd. ("Yufu Holdings") acquired 1,960,661,852 shares, representing 29.51% of the company’s total share capital, through a gratuitous transfer of state-owned equity from Chongqing Yufu Capital Operation Group Co., Ltd. ("Yufu Capital").

Following this transaction, Yufu Capital will no longer hold shares in Southwest Securities, and Yufu Holdings will directly become the controlling shareholder with the same 29.51% stake. The actual controller remains the Chongqing State-owned Assets Supervision and Administration Commission.

As of the announcement date, the acquisition is pending administrative approval and requires compliance confirmation from the Shanghai Stock Exchange before the share transfer can be registered. The company emphasizes the inherent uncertainty of this process. Southwest Securities will continue to monitor the progress of this change and fulfill its information disclosure obligations. Investors are advised to be aware of investment risks.