According to Zhitong Finance App, Sophia (002572.SZ) announced that Guangzhou Sophia Investment Co., Ltd. (“Sophia Investment”), a wholly-owned subsidiary of the company, plans to sell 293.9 million shares of Minsheng Securities Co., Ltd. (hereinafter referred to as “Minsheng Securities” or the “target company”) to Guolian Securities Co., Ltd. (“Guolian Securities”) and subscribe for the newly issued A shares of Guolian Securities with the underlying assets. On April 25, 2024, Sophia Investment signed a “Cooperation Intent Agreement” with Guolian Securities.