Guosheng Securities to loan RMB 15m to Jiangxin Fund

Guosheng Securities (a subsidiary of Guosheng Financial Holding, SZSE:002670) will loan up to RMB 15 million to Jiangxin Fund Management Co., Ltd., a company in which it holds a 30% stake, to support its daily operations. The loan, approved by Guosheng Financial Holding's board, will have a term of 12 months and carry a fixed annual interest rate of 3.10%. Other shareholders of Jiangxin Fund are not providing loans or guarantees. Guosheng Securities will monitor Jiangxin Fund's financial performance and repayment ability closely. The move is considered a fulfillment of shareholder responsibility and will utilize Guosheng Securities' own funds. The board believes that the interest rate is fair. As of the latest audit, Jiangxin Fund's assets total 79,968,607.58 RMB.