DFZQ (东方证券股份有限公司) released a monthly progress report on 5 June 2026 regarding its potential acquisition of the entire equity interest in Shanghai Securities.

The company confirmed that audit and valuation procedures, including the Asset Valuation Report, remain underway. Concurrently, DFZQ and its advisers are preparing the shareholder circular, which will feature the Hong Kong Independent Financial Adviser’s opinion and Shanghai Securities’ financial information.

With regulatory consent under Rule 8.2 of the Hong Kong Takeovers Code, the latest dispatch date for the circular has been extended to no later than 31 July 2026.

A definitive agreement between DFZQ and the vendors has not yet been signed. Even after signing, completion will hinge on multiple conditions: regulatory approvals, the granting and shareholder approval of a Whitewash Waiver, and other customary consents. As a result, the proposed transaction may or may not proceed.

DFZQ stated it will issue further announcements on the transaction’s status and the exact timing of the circular’s release in accordance with Hong Kong listing and takeover regulations. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.