Southwest Securities: Chongqing Yufu Holdings set to become controlling shareholder

In January 2025, Chongqing Yufu Holdings Group Co., Ltd. (Yufu Holdings) acquired 1,960,661,852 shares of Southwest Securities Co., Ltd., representing 29.51% of the company's total share capital. This acquisition was through a gratuitous transfer of state-owned equity from Chongqing Yufu Capital Operation Group Co., Ltd. (Yufu Capital). Following the completion of this acquisition, Yufu Capital will no longer hold shares in the company, and Yufu Holdings will directly own the aforementioned shares, becoming the controlling shareholder. The actual controller of the company will remain 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 registration can be processed with China Securities Depository and Clearing Corporation Limited, Shanghai Branch. The company emphasizes the uncertainty surrounding this process.

Southwest Securities will continue to monitor the progress of this change in controlling shareholders and fulfill its information disclosure obligations. Investors are advised to be aware of the investment risks involved.