Guotai Junan: The exchange ratio between Haitong Securities and Guotai Junan is 1:0.62

On October 9th, Guotai Junan announced that the exchange price of Guotai Junan's class A shares is 13.83 yuan/share, and the exchange price of Haitong Securities' class A shares is 8.57 yuan/share. According to the above formula, the exchange ratio between Haitong Securities and Guotai Junan is 1:0.62, that is, every 1 share of Haitong Securities class A shares can be exchanged for 0.62 shares of Guotai Junan class A shares, and every 1 share of Haitong Securities H shares can be exchanged for 0.62 shares of Guotai Junan H shares. Guotai Junan's H share exchange price is HK $7.73/share, and Haitong Securities' H share exchange price is HK $4.79/share.