GF Securities: major shareholder pledges shares for exchangeable bond

Liaoning Chengda Co., Ltd. (Liaoning Chengda), a shareholder holding over 5% of GF Securities, has completed the pledge and trust registration for 75,000,000 A-share unrestricted shares. These shares, representing 5.49% of Liaoning Chengda's holdings and 0.99% of GF Securities' total share capital, have been transferred to a dedicated account for the second phase of its exchangeable corporate bonds.

As of the announcement date, Liaoning Chengda and its concerted parties collectively hold 1,366,927,688 shares, or 17.97% of GF Securities' total share capital. Following this transaction, Liaoning Chengda's cumulative pledged and trusted shares amount to 205,000,000 shares, representing 15.01% of its total holdings. This share pledge is intended to facilitate the exchange of shares and repayment of principal and interest for the exchangeable bonds.

GF Securities confirmed that this transaction will not alter the company's equity structure. The shares placed in trust and pledged by Liaoning Chengda will be managed by CITIC Securities as the trustee, who will act according to Liaoning Chengda's instructions regarding voting rights, safeguarding bondholders' interests.