Gelonghui, May 14, 丨 Shandong Guoxin (01697.HK) announced that the company and Guolian Securities Co., Ltd. signed a cooperation agreement. According to this, Guolian Securities plans to acquire 132,715,017 shares of Minsheng Securities Co., Ltd. (the “Target Company”) held by the company by issuing A-shares to purchase assets, accounting for 1.17% of the total share capital of the bid company.

On May 14, 2024, the Company and Guolian Securities signed the “Framework Agreement on Issuance of Shares to Purchase Assets” (“Framework Agreement”) for this transaction. Guolian Securities agreed to purchase the underlying assets owned by the company in exchange for the issuance of A-shares. The company also agreed to transfer the underlying assets it owns to Guolian Securities and agreed to accept the shares issued by Guolian Securities to the company in consideration. The transfer consideration for the underlying asset will be determined based on the evaluation results of the evaluation report issued by the asset evaluation agency and filed by the competent state-owned assets supervisory authority, and after consultation between the parties.