Guosheng Securities major shareholder completes 1% share reduction plan

Nanchang Financial Holding Co., Ltd., a major shareholder in Guosheng Securities, has completed its previously announced share reduction plan. Between December 8, 2025, and December 18, 2025, Nanchang Financial Holding reduced its stake by selling 19,350,816 shares through centralized bidding. This accounts for 1.00% of Guosheng Securities' total share capital.

The shares were sold at an average price of CNY 17.07 per share, within a price range of CNY 16.35 to CNY 18.26 per share. Following this transaction, Nanchang Financial Holding's total shareholding in Guosheng Securities decreased from 6.90% to 5.90% of total share capital.

Nanchang Financial Holding confirmed that all remaining shares from the initial reduction plan will not be sold within the current period. The company also stated that this reduction does not change its status as a non-controlling shareholder or actual controller, and will not impact the company’s governance structure or ongoing operations.