SDIC Securities clears Dongxing Securities on asset transactions ahead of merger

SDIC Securities Co., Ltd., acting as the independent financial advisor for Dongxing Securities Co., Ltd., has completed its verification of Dongxing Securities' asset purchase and sale activities. This review covered the 12 months prior to the proposed share-swap absorption merger of Dongxing Securities by China International Capital Corporation Limited, which also involves China Cinda Asset Management Co., Ltd.

The advisor's assessment was guided by the "Measures for the Administration of Major Asset Restructurings of Listed Companies," which outlines criteria for cumulative calculation of asset transactions over a 12-month period. This regulation specifies conditions under which continuous purchases or sales of the same or related assets, or transactions involving the same or related parties, are to be aggregated.

As of December 17, 2025, SDIC Securities concluded that Dongxing Securities had no asset purchase or sale activities within the 12-month period preceding the transaction that would necessitate inclusion in the cumulative calculation of relevant indicators. This finding suggests a clear record of asset management leading up to the corporate action.