CITIC Securities concludes fundraising, shifts remaining proceeds to working capital

CITIC Securities has announced the full completion of its 2022 A-share and H-share fundraising projects, which included initiatives for capital intermediary business development, subsidiary investments, information system upgrades, and working capital replenishment. The company’s A-share fundraising generated RMB22,395,672,337.35, while H-share fundraising generated HKD6,038,707,568.85.

With all projects now finalized, the company plans to permanently allocate the remaining RMB97,214,300.00 in A-share proceeds and HKD55.98 in H-share proceeds to supplement its working capital. Outstanding issuance expenses will be covered by the company's own funds. This decision was made as residual funds were less than 5% of the net proceeds, not requiring board or shareholder approval. The company will also close its special fundraising account.

In a related development, CITIC Securities held its First Extraordinary General Meeting, First A-Share Class Meeting, and First H-Share Class Meeting of 2025 on December 19, 2025. During these meetings, shareholders approved revisions to the company’s Articles of Association and rules of procedure, removal of the supervisory committee, and the interim profit distribution plan for 2025, which includes a cash dividend of RMB2.90 per ten shares.