First Capital Securities subsidiary under CSRC investigation for alleged negligence

First Capital Securities Co. announced that its wholly-owned subsidiary, First Capital Investment Banking Co., received a Notice of Investigation and Filing from the China Securities Regulatory Commission (CSRC) on October 31, 2025. The investigation stems from First Capital Investment Banking's alleged failure to diligently perform its continuous supervision duties in the 2019 convertible bond project for Hongda Xingye Co. The CSRC initiated the case on October 29, 2025.

First Capital Investment Banking has committed to actively cooperate with the CSRC's investigation, and First Capital Securities will strictly adhere to regulatory requirements for information disclosure. The company reassures investors that the current operating conditions of both the company and First Capital Investment Banking remain normal.

Investors are advised to exercise rational investment judgment and be aware of investment risks. The board of directors of First Capital Securities Co. issued this announcement on November 1, 2025.