Guolian Securities Co., Ltd. announced a private placement to issue not more than 250,000,000 shares A shares for the gross proceeds of CNY 200,000,000 on May 14, 2024. The transaction will include participation from not more than 35 investors. The transaction has been approved in 12th meeting of the 5th board of supervisors and is still pending approval from the Company?s shareholders?

meeting, A-shares type and H-shares type shareholders? meeting. The securities of Specific investors that will have more than 5% of the company shares shall have a lockup period of 36 months and Specific investors that will have less than 5% of the company shares shall have a lockup period of 6 months.

The validity of the resolution for this transaction is 12 months after obtaining approval from the shareholders? meeting.