Zhongzhou Securities (01375) announced that on March 28, 2024, the 24th meeting of the 7th board of directors of the company approved the proposal on targeted reduction in shareholding of its equity investment in Henan Zhongyuan Microcredit Co., Ltd., a shareholding subsidiary of its wholly-owned subsidiary, Zhongzhou Blue Ocean Investment Management Co., Ltd. Zhongzhou Blue Ocean signed the "Agreement on Targeted Reduction of Equity Investment with Henan Zhongyuan Microcredit Co., Ltd." on May 10, 2024.

According to the agreed terms of the Agreement on Targeted Reduction, Zhongyuan Microcredit has completed its business registration change and obtained a business license issued by the Luohe Municipal Administration for Market Regulation. Zhongzhou Blue Ocean and Zhongyuan Microcredit will continue to fulfill their relevant obligations under the Agreement on Targeted Reduction.

This targeted reduction in shareholding is in line with the company's rectification plan for Zhongyuan Microcredit, steadily reducing Zhongzhou Blue Ocean's equity stake in Zhongyuan Microcredit. This reduction in equity investment in Zhongyuan Microcredit meets the requirements of financial institutions returning to their roots and focusing on their main businesses, and has no significant impact on the company's current business development.