Southwest Securities' controlling shareholder change progresses amid regulatory review

Southwest Securities Co., Ltd. announced that its controlling shareholder is in the process of changing. In January 2025, Chongqing Yufu Holding Group Co., Ltd. (Yufu Holdings) acquired 1,960,661,852 shares of Southwest Securities, representing 29.51% of the company's total share capital. This gratuitous transfer of state-owned equity was from Chongqing Yufu Capital Operation Group Co., Ltd. (Yufu Capital).

This transaction means Yufu Capital will no longer hold shares in Southwest Securities, and Yufu Holdings will directly own the 29.51% stake, making it the new controlling shareholder. The actual controller remains the Chongqing State-owned Assets Supervision and Administration Commission.

The acquisition is currently awaiting administrative approval and requires compliance confirmation from the Shanghai Stock Exchange before the share transfer registration can be completed. The company emphasizes the inherent uncertainty of this process.

Southwest Securities will continue to monitor the progress of this change and will fulfill its information disclosure obligations. Investors are advised to be aware of the investment risks associated with this ongoing process.