China Huarong (02799.HK) announced that it will further advance its investment allocation, planning to conduct a series of investments within a total investment scale not exceeding 50.3 billion RMB. This includes further purchasing 4.88% of Citic's shares, Bank of China's shares, and China Everbright Bank's shares, and establishing a single asset service trust to carry out investments. The investment plan will be implemented with Citic Securities and China Securities Co.,Ltd. as professional consultants, and will be formally approved at the extraordinary shareholders' meeting. The company believes that these investments will help optimize the asset structure, enhance investment returns, and support the company's business transformation and development. The shareholders' meeting will be held on or before November 29, 2024, to review this investment allocation proposal.

China Huarong (02799.HK) announced that it will further advance its investment allocation, planning to conduct a series of investments within a total investment scale not exceeding 50.3 billion RMB. This includes further purchasing 4.88% of Citic's shares, Bank of China's shares, and China Everbright Bank's shares, and establishing a single asset service trust to carry out investments. The investment plan will be implemented with Citic Securities and China Securities Co.,Ltd. as professional consultants, and will be formally approved at the extraordinary shareholders' meeting. The company believes that these investments will help optimize the asset structure, enhance investment returns, and support the company's business transformation and development. The shareholders' meeting will be held on or before November 29, 2024, to review this investment allocation proposal.