Huaan Securities announces internal state-owned equity transfer

Huaan Securities announced that its controlling shareholder, Anhui State-owned Capital Operation Holding Group Co., Ltd., will see a gratuitous transfer of state-owned shares from one of its concerted parties. Anhui Energy Group Co., Ltd. is transferring its entire 125,476,294 shares in Huaan Securities to Anhui Wanneng Capital Investment Co., Ltd., a wholly-owned subsidiary of Anhui Energy Group. This transfer, effective as of September 23, 2025, represents 2.68% of Huaan Securities' total share capital.

This change is an internal gratuitous transfer of state-owned assets among concerted parties and does not alter the total number or proportion of shares held by the controlling shareholder and its concerted parties. Anhui Wanneng Capital Investment has committed to assuming all rights and obligations under the concerted action agreement signed on June 28, 2020.

The transfer is for professional management of financial equity and does not trigger a tender offer. Huaan Securities’ controlling shareholder and actual controller remain unchanged. The transaction still requires completion of share transfer registration with China Securities Depository and Clearing Corporation Limited.