The merger reorganization of GTJA and HAITONG SEC has completed a key step. On the evening of December 13, the two companies simultaneously released the shareholder meeting resolution announcement. The merger reorganization transaction plan and other related proposals were approved with high votes during the shareholder meeting. This merger reorganization between GTJA and HAITONG SEC is the first merger reorganization of leading brokerages since the implementation of the new "National Nine Articles", and it is also the largest A+H bilateral market absorption merger in the history of China's Capital Markets, the largest integration case of listed brokerages, and the largest merger in the international investment banking industry since 2008, involving multiple business licenses and several listed subsidiary companies both domestically and internationally. The two companies announced the suspension of trading to plan significant asset reorganization on September 5, released relevant merger reorganization plans and a joint announcement on October 9, published the merger reorganization report and a joint circular on November 21, and held a shareholders' meeting on December 13 to approve various proposals. They completed all corporate governance procedures in just three months, fully demonstrating the high decision-making and execution efficiency of the two companies and creating the "Shanghai Speed" of leading brokerage mergers and reorganizations.