China Cinda, China Securities Finance Corporation, China Orient Asset Management and China Great Wall Asset Management made separate announcements that their shareholders intend to transfer some of their shares to Central Huijin Investment Company Limited (Central Huijin). Upon completion of the transfer, Central Huijin will take a controlling stake in these four important financial institutions to guide medium-to-long-term (MLT) capital into the market.

Specifically, China Cinda announced that it had recently received a notification from its controlling shareholder, the Ministry of Finance (MOF), that the MOF intended to transfer 22.137 billion domestic shares of the Company to Central Huijin for no consideration, accounting for approximately 58% of the total number of issued shares of the Company.

Upon completion of the transfer, the MOF will cease to hold the shares of the Company and Central Huijin will directly hold 22.137 billion domestic shares of the Company and become the controlling shareholder of the Company. The Company will remain a state-owned financial institution.

China Securities Finance Corporation announced that shareholders of the Company intended to transfer 66.7% of its shareholding in the Company to Central Huijin.

China Orient Asset Management announced that the MOF, the controlling shareholder of the Company, intended to transfer all of its 48.83 billion shares in the Company to Central Huijin by way of gratuitous transfer, representing approximately 71.55% of the total number of issued shares of the Company.

China Great Wall Asset Management announced that the MOF, the controlling shareholder of the Company, intends to transfer its entire holding of 37.67 billion shares of the Company to Central Huijin by way of gratuitous transfer, representing approximately 73.53% of the total number of issued shares of the Company.