Guosheng Securities major shareholders to reduce stakes by over 54m shares

Three major shareholders of Guosheng Securities Co., Ltd. have announced plans to reduce their holdings. Nanchang Financial Holdings Co., Ltd. intends to divest up to 19,350,846 shares, representing 1.00% of the company's total share capital. Jiangxi Investment Capital Co., Ltd. plans to reduce its stake by up to 15,823,935 shares, or 0.82%. Additionally, Jiangxi Provincial Building Materials Group Co., Ltd. will sell up to 19,350,846 shares, also accounting for 1.00% of the total share capital.

The share reductions will occur within three months, starting 15 trading days after the announcement on November 15, 2025, and concluding by March 7, 2026. Nanchang Financial Holdings and Jiangxi Building Materials will primarily use concentrated bidding or block trading, while Jiangxi Investment Capital will use block trading. Jiangxi Investment Capital and Jiangxi Building Materials are considered parties acting in concert, and their concentrated bidding or block trading quantities will be combined for calculation purposes.

These shareholders acquired their stakes in July 2022 and are fulfilling their commitment to not transfer shares for 36 months from their indirect equity investment date of September 28, 2022. The share reductions are driven by the shareholders' operational development needs. The company notes that these disposals will not result in a change of control or impact the company's governance and ongoing operations.