China Cinda Asset Management Co., Ltd. (01359.HK, 04621 for Preference Shares) announced on November 19, 2025, that its subsidiary, Cinda Securities (601059.SH), has entered into a legally binding cooperation agreement with China International Capital Corporation Limited (3908.HK, 601995.SH) and Dongxing Securities (601198.SH). The agreement entails a proposed merger by absorption and share exchanges by CICC (together, the “Proposed Mergers”).

Information published by Cinda Securities on the Shanghai Stock Exchange (www.sse.com.cn) indicates that these Proposed Mergers could potentially be deemed a notifiable transaction for China Cinda under Chapter 14 of the Hong Kong Listing Rules. The company will provide further disclosures if and when necessary.

According to the announcement, there is no assurance that the Proposed Mergers will materialize or be consummated. Holders and prospective investors of relevant securities and notes are advised to exercise caution. As stated, any discussions regarding the Proposed Mergers may or may not result in formal mergers involving CICC, Dongxing Securities, and Cinda Securities. The announcement highlights the importance of consulting professional advisers if there is any doubt regarding trading decisions.

This update also pertains to certain guaranteed senior notes issued by China Cinda, including stock codes 5783, 4424, 4423, and 5398, which remain subject to market conditions. The board of China Cinda is chaired by Mr. Zhang Weidong, with a mix of executive, non-executive, and independent non-executive directors overseeing the transaction’s progress and further announcements.