Soochow Securities Co LtdResponding to exchange inquiry on acquisition, integration and risks; outcome uncertain.

Soochow Securities issued an announcement responding to the Shanghai Stock Exchange's review inquiry letter concerning its issuance of shares to purchase an 83.68% stake in Donghai Securities, addressing core issues one by one including transaction purpose and integration control, goodwill risk, and pending litigation. The Shanghai Stock Exchange issued the review inquiry letter on July 1. Soochow Securities, together with its independent financial adviser Guotai Haitong Securities, KPMG Huazhen LLP, RSM China, China Enterprise Appraisals, and legal counsel, spent nearly two months completing the response and simultaneously revising the restructuring report.
Soochow Securities Co LtdResponding to exchange inquiry on acquisition, integration and risks; outcome uncertain.
Guotai Junan Securities Co LtdAcquisition target; deal integration and risks under review.