CITIC SEC (06030.HK): Placement of Approximately 803.7 Million New H Shares to CITIC Financial Holdings Completed, Net Proceeds of Approximately HKD 18.413 Billion

NewTimeSpace News: CITIC Securities Company Limited (stock code: 06030) announced that the board of directors is pleased to announce that all conditions precedent under the share subscription agreement have been satisfied, and the issue of H shares to specific subscribers was completed on 6 August 2026. The Company has allotted and issued an aggregate of 803,725,383 new H shares to CITIC Financial Holdings at an issue price of HKD 23.13 per new H share, representing approximately 5.42% of the total issued shares of the Company immediately before completion and approximately 5.14% of the total issued shares of the Company as enlarged by the allotment and issue of the new H shares.

The announcement disclosed that the total proceeds from the issue amounted to RMB 16 billion, equivalent to approximately HKD 18.590 billion after currency conversion; after deducting relevant expenses, the net proceeds amounted to approximately HKD 18.413 billion, with a net issue price of approximately HKD 22.91 per new H share. The Listing Committee of the Stock Exchange has approved the listing of and permission to deal in the new H shares, which rank pari passu in all respects with the H shares in issue on the date of completion, except for the 48-month lock-up arrangement as disclosed in the circular.

In respect of the shareholding structure, immediately after completion, the Company's A shares amounted to 12,200,469,974 shares (approximately 78.09%), H shares amounted to 3,423,802,238 shares (approximately 21.91%), totalling 15,624,272,212 shares. CITIC Financial Holdings holds 2,299,650,108 A shares and 1,443,907,987 H shares of the Company, amounting to an aggregate of 3,743,558,095 shares, representing approximately 23.96% of the total issued shares of the Company as enlarged. The directors confirmed that, immediately after completion, the Company remains in compliance with the minimum public float requirement applicable to the Company under Rule 19A.28B of the Hong Kong Listing Rules.

In respect of the use of proceeds, the Company intends to use the net proceeds in accordance with the purposes disclosed in the circular, namely that all net proceeds will be retained overseas for the development of the Company's international business. In particular, the Company will inject capital into its overseas wholly-owned subsidiary, CITIC Securities International, in an amount not exceeding RMB 16 billion, which will be implemented in one or more tranches depending on regulatory approvals, the Company's capital position and the business development of CITIC Securities International.

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