Dongxing Securities suspends trading for major restructuring with CICC, Cinda

Dongxing Securities Co. announced a trading suspension of its A-shares, effective November 20, 2025, due to a major asset restructuring plan. The company, along with China International Capital Corporation Limited (CICC) and Cinda Securities Co., Ltd., signed a "Cooperation Agreement" on November 19, 2025. The proposed transaction involves CICC absorbing Dongxing Securities and Cinda Securities through a share-for-share exchange.

The absorption merger aims to accelerate the development of a first-class investment bank and support the high-quality growth of the financial market and securities industry. This complex transaction involves A+H share dual-listed companies and two A-share listed companies, with an estimated suspension period of no more than 25 trading days. The restructuring is subject to approval from the respective boards, shareholders, and regulatory authorities.

CICC, the acquiring entity, was established on July 31, 1995, with a registered capital of RMB 4,827.25m. Dongxing Securities, a target of the merger, was established on May 28, 2008, with a registered capital of RMB 3,232.44m. Cinda Securities, the other target, was established on September 4, 2007, with a registered capital of RMB 3,243m.