Zheshang Securities issued an announcement stating that the official resolution on the “Proposal on the Company's Plan to Issue Shares to Specific Targets (Revised Draft)” initiated by the company on March 17, 2023 is valid for 12 months. Up to now, it has automatically expired due to the expiration of the validity period. Zheshang Securities stated that the matter will not have a significant impact on the company's normal business activities. According to the reporter's statistics, there are currently additional securities agreements such as Tianfeng Securities, Caida Securities, Guolian Securities, Nanjing Securities, and Zhongtai Securities. The most recent listed brokerage firm that implemented an equity refinancing plan is Guohai Securities, and the company completed the implementation of the plan at the end of 2023. Previously, the Securities Regulatory Commission proposed that “securities companies should follow a capital saving path”. Listed brokerage firms responded positively to making adjustments, including revising the use and amount of fixed increase funds, etc., and many brokerage firms also voluntarily terminated or withdrawn fixed increase plans and applications. (Financial Services Association)