CICC(03908.HK): Major Asset Restructuring in Progress, Core Work Including Audits Remains Incomplete

NewTimeSpace News: CICC (03908.HK) disclosed a progress announcement on its major asset restructuring on January 15, 2026. According to the announcement, CICC will complete the merger by issuing A-shares to all A-share swap shareholders of DONGXING SECURITIES CO., LTD. and CINDA SECURITIES. The transaction is expected to meet the criteria for a major asset restructuring but does not constitute a backdoor listing.

As stated in the announcement, since the disclosure of the transaction plan, CICC and relevant parties have actively advanced the work related to the transaction. However, as of now, the core work involved in the transaction, including audits, has not yet been completed. CICC stated that it will convene another board meeting to review the transaction-related proposals after the completion of the relevant work.

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