playjeopardyonline| Guolian Securities: Acquired 100% shares of Minsheng Securities and raised 2 billion yuan in matching funds to achieve business complementarity and synergy and enhance market competitiveness

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Guolian Securities announced the acquisition of 100% shares of Minsheng Securities by issuing A shares.PlayjeopardyonlineTo raise no more than 2 billion yuan This move is expected to improve Guolian Securities.PlayjeopardyonlineTotal assets and profitability, enhance market competitiveness, respond to the call of the real economy of financial services.

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[Guolian Securities announced plans to issue A shares to acquire 100% shares of Minsheng Securities] Guolian Securities announced on the evening of the 14th that it is planning to acquire 100% shares of Minsheng Securities by issuing A shares, and plans to raise matching funds of no more than 2 billion yuan. This acquisition will help to realize the integrated development strategy of the Yangtze River Delta and enhance the company's profitability and market competitiveness. The proposed issuance of Guolian Securities will not exceed 2%.Playjeopardyonline.500 million A-share League of Nations Securities to be issued to no more than 35 specific investorsPlayjeopardyonline.500 million A shares, raising matching funds of no more than 2 billion yuan. The share issue price of the scheme is the average stock trading price of 120 trading days before the pricing benchmark, that is, 11.31 yuan per share. Minsheng Securities Investment Banking Business strong Minsheng Securities has a strong market competitiveness in investment banking business, with an operating income of about 3.8 billion yuan and a net profit of 683 million yuan last year. Through this acquisition, Guolian Securities will make full use of Minsheng Securities' professional advantages in securities brokerage and other fields to achieve business complementarity and coordination. The merger of the two sides will promote the integration of resources, the merger of League of Nations Securities and Minsheng Securities will promote the integration of business, assets and personnel between the two sides, improve operational efficiency and achieve capital-intensive development. The merger of the two sides will also help to enhance market competitiveness, better serve the real economy, and respond to the country's call for financial services to the real economy. The transaction is still subject to regulatory approval. The transaction is subject to approval and filing by the relevant regulatory authorities. At present, it has been agreed in principle by Guolian Group, the controlling shareholder of Guolian Securities. The entry of all shareholders of Minsheng Securities also shows the positive attitude and confidence of both sides to the transaction. Business integration will enhance market competitiveness the industry believes that this transaction will promote the optimization and integration of business channels, customer resources and product services of the two securities firms, complement each other's strong and weak businesses, and give full play to scale effects while enhancing comprehensive capital strength. Reduce operating costs, improve operational efficiency, and achieve capital-intensive development. Guolian Securities resumes trading on May 15 according to Guolian Securities announcement, the company's shares will resume trading on Wednesday, May 15.