China Securities Financial Corporation: Since the suspension of refinancing for two weeks, the scale of refinancing has decreased by 30.67%.

On July 26th, the Securities Supervision Commission approved the application of CSI Financial Company to suspend the refinancing business according to law on July 10, 2024. It will be implemented from July 11, 2024, and the stock contract will be closed no later than September 30. CSI Financial Company has earnestly implemented the relevant work requirements, steadily and orderly reduced the stock scale, and the countercyclical adjustment effect is gradually emerging. The scale of refinancing has declined steadily. As of July 24, the suspension of refinancing for two weeks, the scale of refinancing has dropped from 30.007 billion yuan to 20.803 billion yuan, a decrease of 9.204 billion yuan, a decrease of 30.67%. The stock business of individual stocks has been settled in an orderly manner. After the suspension of refinancing for two weeks, 2,057 stocks have been returned, accounting for 91% of all the outstanding targets of refinancing. Before the suspension, the balance of the five stocks with the largest refinancing balances fell by an average of about 39%.