Zheshang Securities Co., Ltd. (SHSE:601878) agreed to acquire 3.7736% stake in Guodu Securities Co.,Ltd. from Chongqing Jiahong Shengxin Trading Co., Ltd. for approximately CNY 590 million on December 8, 2023. The parties entered into supplementary agreement on December 29, 2023. The parties entered into Formal agreement on March 29, 2024.

Zheshang Securities will finance the considerations by its internal resources.