Orient Securities announced that the company plans to purchase 100% of the shares of Shanghai Securities Co., Ltd. by issuing A-shares and paying cash. The relevant administrative license applications involving the change of major shareholders of the company involved in this transaction and changes in actual controllers of various subsidiaries such as Shanghai Securities have been accepted by the China Securities Regulatory Commission. The transaction still needs to be reviewed and approved by the Shanghai Stock Exchange, and can only be officially implemented after approval, approval, and registration by the China Securities Regulatory Commission and other relevant authorities. There is uncertainty about whether the relevant approval will be obtained and when it will be obtained.

Orient Securities announced that the company plans to purchase 100% of the shares of Shanghai Securities Co., Ltd. by issuing A-shares and paying cash. The relevant administrative license applications involving the change of major shareholders of the company involved in this transaction and changes in actual controllers of various subsidiaries such as Shanghai Securities have been accepted by the China Securities Regulatory Commission. The transaction still needs to be reviewed and approved by the Shanghai Stock Exchange, and can only be officially implemented after approval, approval, and registration by the China Securities Regulatory Commission and other relevant authorities. There is uncertainty about whether the relevant approval will be obtained and when it will be obtained.