CITIC Securities: Subsidiary is under investigation by the Hong Kong Securities and Futures Commission and the ICAC; the company and its Hong Kong subsidiary are operating normally.

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China Securities Journal announced on March 12 that the company has recently noticed media reports that a Hong Kong subsidiary is under investigation by the Hong Kong Securities and Futures Commission and the Independent Commission Against Corruption. Upon verification, on March 10, 2026, the SFC and ICAC visited the Hong Kong subsidiary’s office with search warrants and seized some documents. An employee of the Hong Kong subsidiary was questioned by the ICAC. The company attaches great importance to this matter and will continue to closely monitor its development. The company confirms that as of the disclosure date, the operations of the company and its Hong Kong subsidiary are normal, and all businesses are proceeding normally. The company will fulfill its disclosure obligations in accordance with the listing rules of the stock exchange.

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