Caitai Securities: The wholly-owned subsidiary Caitai Xinrui Investment Co., Ltd. has completed the cancellation.

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Beijing Business Daily (Reporter Liu Yuyang) reported that on March 9, Caitai Securities announced that during its 15th meeting of the 4th Board of Directors on February 11, it approved the proposal to cancel Caitai Xinrui Investment Co., Ltd., a wholly owned subsidiary.

Recently, Caitai Xinrui Investment Co., Ltd. received a “Registration Notice” from the Shijiazhuang Qiaoxi District Administrative Approval Bureau, completing the deregistration procedures. After the deregistration of Caitai Xinrui Investment Co., Ltd., it will no longer be included in Caitai Securities’ consolidated financial statements. The cancellation of this wholly owned subsidiary will not adversely affect the company’s overall business development or profitability, nor will it harm the legitimate rights and interests of the company and all shareholders, especially minority shareholders.

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