Tianfeng Securities: Hongtai Group completes the acquisition of shares, continued supervision situation is good.

Tianfeng Securities announced that its financial advisor, Guotai Haitong, issued continuous supervision opinions for the third quarter of 2025. On June 12, 2025, Tianfeng Securities issued 1.476 billion shares to Hongtai Group at a price of 2.71 yuan per share, increasing Hongtai Group's shareholding from 15.90% to 28.14%. This triggered the obligation for a tender offer but could be exempt from the offer. The funds raised were 3.999 billion yuan, with a net amount of 3.981 billion yuan. The new shares were registered on June 19. During the supervision period, Hongtai Group did not violate any commitments or subsequent plans. Tianfeng Securities appointed Wang Yang as the Chief Financial Officer and completed the revision of relevant provisions of the Articles of Association.