Guohai Securities: Controlling shareholders and persons acting in concert have completed the internal equity structure adjustment and share transfer.

Guo Hai Securities announced that on September 26, 2025, the company's controlling shareholder, Guangxi Investment Group, signed an agreement with its controlling subsidiary, Guangxi Investment Gold Control, to increase capital by holding 8.59 billion shares of Zhongheng Group. As of the date of the announcement, Zhongheng Group and Guangxi Investment Gold Control respectively held 3.84% and 6.75% of Guo Hai Securities' shares. On November 3, the relevant shares completed the transfer registration. After the adjustment, Guangxi Investment Gold Control became the controlling shareholder of Zhongheng Group, directly or indirectly holding 10.60% of Guo Hai Securities' shares, still being the company's major shareholder and second largest shareholder. This adjustment does not affect the company's controlling shareholder and control rights, and some of Zhongheng Group's shares are locked until November 17, 2028.