On September 23, Zhongtai Securities announced that the board of directors of the company proposed to the shareholders' meeting to extend the validity period of the decision on the adjustment of the company's issuance of A-share stocks to specific objects taking effect on October 9, 2023, with the shareholders' meeting scheduled for October 9, 2024. If the proposal is approved, the validity period of Zhongtai Securities private placement plan will be extended by 12 months, until October 9, 2025. According to the announcement, the effective private placement plan has been revised once, and Zhongtai Securities has adjusted the allocation of the 6 billion yuan private placement plan, adding the two crowdfunding projects of purchasing treasury bonds, local government bonds, corporate bonds, and wealth management business. Since 2023, brokerage firms' refinancing plans have generally been met with lukewarm responses. Brokerage firms have either voluntarily terminated refinancing plans, withdrawn applications, or continued to extend the validity period of refinancing proposals until they expire automatically, some have adjusted fundraising projects. Since 2024, some brokerage private placement plans have expired, with only a few brokerages extending the expiration of private placement plans. The China Securities Regulatory Commission advocates for brokerage firms to "focus on their main responsibilities and businesses, establish a compliance risk control awareness, adhere to prudent operation, take the new path of capital conservation and high-quality development, and play the role of the capital markets' 'gatekeepers'." (Financial Associated Press reporter Lin Jian)