Hongta Securities major shareholder terminates significant share transfer

Hongta Securities Co., Ltd. announced today that a previously disclosed agreement for a major shareholder, Yunnan Provincial Investment Holdings Group Co., Ltd. (Yuntou Group), to transfer a substantial block of its shares has been terminated. On September 23, 2025, Hongta Securities received notification from Yuntou Group confirming the mutual decision to cancel the share transfer agreement and all related subsequent work with Yunnan Yuntou Capital Operation Co., Ltd. (Yuntou Capital).

The original agreement, initiated on July 17, 2023, involved Yuntou Group transferring 817,238,839 shares, representing 17.33% of Hongta Securities' total share capital, to its subsidiary, Yuntou Capital. The official share transfer agreement was signed on August 9, 2023. This transaction was not subject to China Securities Regulatory Commission approval, nor were any ownership transfers executed.

Hongta Securities confirmed that the termination will not affect the company's control, governance structure, daily operations, or financial performance, and poses no detriment to its investors. Yuntou Group currently holds 817,238,839 shares, maintaining its 17.33% stake in Hongta Securities, and has no similar transfer plans in the near future.