GF Securities shareholder pledges shares for exchangeable bonds

Liaoning Chengda Co., Ltd., a shareholder holding over 5% of GF Securities, has completed the pledge and trust registration of 130,000,000 unrestricted A-shares. These shares, representing 9.51% of Liaoning Chengda's holdings and 1.71% of GF Securities' total share capital, have been transferred to a dedicated collateral and trust securities account for its exchangeable corporate bonds.

The pledged shares will be held by CITIC Securities Investment Co., Ltd. as the nominal holder for the "Liaoning Chengda-CITIC Securities Investment-25 Liaoning Chengda E1 Collateral and Trust Property Account." CITIC Securities Investment will exercise voting rights based on Liaoning Chengda's instructions, ensuring the bondholders' interests are protected.

As of the announcement date, Liaoning Chengda and its concerted parties collectively hold 1,366,927,688 shares of GF Securities, equating to 17.97% of the total share capital. GF Securities clarified that this issuance of exchangeable bonds by Liaoning Chengda will not lead to a significant change in the company's equity structure.