Shanghai Stock Exchange Sets Trading Arrangements for CICC Share Swap Mergers of Dongxing Securities and Cinda Securities

The Shanghai Stock Exchange has made further arrangements for the trading process in CICC's share-swap mergers with Dongxing Securities and Cinda Securities, according to Jiemian News. Because Dongxing Securities and Cinda Securities will be delisted after the merger is completed, both stocks were removed from the margin financing and securities lending eligible list starting September 9, 2026. The exchange said existing margin financing and securities lending contracts signed before the adjustment remain valid, and brokerages and clients may agree to close them early. Members must continue reporting margin trading data until all related business is fully settled. Investors holding the two stocks in credit accounts and needing to apply for cash election rights must transfer the shares to a normal securities account and submit the application by September 14, 2026, the record date. Shares held in credit accounts will be converted into CICC shares at the swap ratio after the exchange is completed, while in-transit securities during the swap period will be valued at fair price and included in collateral value. The exchange also told brokerages to closely monitor subsequent disclosures and promptly communicate with clients on early contract settlement, cash election applications and the merger process.