CICC Receives CSRC Approval for Absorption Mergers With Dongxing Securities and Cinda Securities

CICC said on September 7 that it received approval from China's securities regulator for its absorption mergers with Dongxing Securities and Cinda Securities, along with related changes in major shareholders at Dongxing Fund Management, Cinda Australia Asset Management, Dongxing Futures and Cinda Futures, according to Jiemian News. The company said it will move ahead with the transaction as soon as possible. CICC also announced the implementation of appraisal rights for A-share dissenting shareholders in the share-swap absorption mergers. It will provide a filing platform through the Shanghai Stock Exchange trading system for all A-share dissenting shareholders to apply for the repurchase rights on their dissenting shares. To ensure smooth implementation, CICC's A shares will be suspended from the market opening on September 15, 2026, the first day for filing applications, and will resume trading on the day the company publishes the application results.