Beijing State-Owned Assets Management Co., Ltd. entered into an agreement to acquire 85.01% stake in Credit Suisse Securities (China) Limited from Founder Securities Co., Ltd. (SHSE:601901) and Credit Suisse AG for CNY 1.5 billion on June 24, 2024. Following the completion of the transaction, Credit Suisse and Beijing State-Owned Assets will hold 14.99% and 85.01% in Credit Suisse Securities respectively. The completion of the transaction is subject to the necessary regulatory approvals and customary closing conditions.