Zhejiang Huhangyong (stock code: 0576) subsidiary, Zhejiang Securities, signed an equity transfer agreement with China Broadband Capital and Jiayuan Investment on June 7, 2024 to acquire 7.4159% of the equity of Guodu Securities Co., Ltd. The transaction includes the purchase of 5.9517% equity from China Broadband Capital and 1.4642% equity from Jiayuan Investment for a total consideration of CNY 1,134,917,200. After completion of this and past acquisitions, Zhejiang Securities will hold 34.2546% of the equity of Guodu Securities. According to the listing rules, this acquisition and past acquisitions are calculated together and constitute a disclosable transaction. After the acquisition, Zhejiang Securities may include the financial performance of Guodu Securities in its financial statements. The Board of Directors believes that this acquisition is reasonable and will help to expand the business and enhance competitiveness of Zhejiang Securities. Shareholders and potential investors should be aware that the completion of the acquisition is subject to certain conditions, so there is uncertainty in the transaction.

Zhejiang Huhangyong (stock code: 0576) subsidiary, Zhejiang Securities, signed an equity transfer agreement with China Broadband Capital and Jiayuan Investment on June 7, 2024 to acquire 7.4159% of the equity of Guodu Securities Co., Ltd. The transaction includes the purchase of 5.9517% equity from China Broadband Capital and 1.4642% equity from Jiayuan Investment for a total consideration of CNY 1,134,917,200. After completion of this and past acquisitions, Zhejiang Securities will hold 34.2546% of the equity of Guodu Securities. According to the listing rules, this acquisition and past acquisitions are calculated together and constitute a disclosable transaction. After the acquisition, Zhejiang Securities may include the financial performance of Guodu Securities in its financial statements. The Board of Directors believes that this acquisition is reasonable and will help to expand the business and enhance competitiveness of Zhejiang Securities. Shareholders and potential investors should be aware that the completion of the acquisition is subject to certain conditions, so there is uncertainty in the transaction.