Sealand Securities' actual controller adjusts internal shareholdings

Guohai Securities Co. Ltd. (Sealand Securities) has disclosed an internal equity structure adjustment involving its actual controller, Guangxi Investment Group, and its concerted party, Guangxi Investment Group Financial Holdings Co. Ltd. (Guangtou Jinkong). The adjustment, which occurred on September 26, 2025, sees Guangxi Investment Group transfer its 859,343,587 shares in Guangxi Wuzhou Zhongheng Group Co. Ltd. (Zhongheng Group), representing 26.89% of Zhongheng Group's total share capital, to Guangtou Jinkong through a capital increase.

Following this transaction, Guangtou Jinkong will indirectly control Zhongheng Group's 245,478,844 shares in Sealand Securities, which account for 3.84% of Sealand Securities' total share capital. Combined with Guangtou Jinkong's existing direct holdings of 431,155,748 shares (6.75%), Guangtou Jinkong's total direct and indirect ownership in Sealand Securities will reach 676,634,592 shares, or 10.60% of the total share capital. The overall direct and indirect shareholding of Guangxi Investment Group in Sealand Securities remains unchanged.

This internal adjustment does not affect the total number of shares held directly or indirectly by Guangxi Investment Group in Sealand Securities. It will also not lead to a change in control of Sealand Securities or have a material impact on its ongoing operations. The transfer of Zhongheng Group shares to Guangtou Jinkong is subject to regulatory confirmation by the Shanghai Stock Exchange and completion of transfer procedures.