Huaneng Capital increases stake in China Great Wall Securities

Huaneng Capital Services Co., Ltd., the controlling shareholder of China Great Wall Securities, has completed its shareholding increase plan. Beijing Guofeng Law Firm confirmed that Huaneng Capital Service Co., Ltd. is duly established, in good standing, and qualified to be a shareholder of a listed company. The increase in shares complies with relevant laws and regulations, including the Securities Law and the Measures for the Administration of the Acquisition of Listed Companies.

According to announcements, between April 9, 2025, and October 9, 2025, Huaneng Capital Service Co., Ltd. cumulatively increased its stake by 6,370,900 shares, representing 0.16% of the company's total share capital, with a total investment of 50,170,714 yuan (excluding transaction fees). This transaction has increased Huaneng Capital's total holding to 1,877,362,645 shares, accounting for 46.53% of China Great Wall Securities' total share capital. This increase in shares qualifies for an exemption from a tender offer under the Measures for the Administration of the Acquisition of Listed Companies.