Group 1 - The core objective of the H-share issuance by the company is to enhance capital strength and overall competitiveness, addressing the significant gap in owner equity compared to leading brokers [2][4] - The company aims to utilize the funds raised from the H-share issuance for capital replenishment and to expand its domestic and international securities business [1][2] - The company’s financial performance in Q1 2025 showed a decline in revenue and net profit, indicating the need for additional capital to alleviate performance pressures [1][2] Group 2 - The trend of A+H listings is becoming more prevalent among Chinese brokers, with 13 firms already having completed this dual listing, indicating a shift towards international market engagement [4][6] - The narrowing premium between A-shares and H-shares is making Hong Kong listings more attractive for companies, enhancing their financing efficiency [5][6] - The company’s H-share plan represents a strategic attempt for smaller brokers to break through in a highly competitive market, balancing local competition with international expansion [7]

Group 1 - The core point of the news is that Shouchao Securities plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange, marking its entry into the Hong Kong market after its A-share listing in 2022 [2][5] - The purpose of the Hong Kong listing is to enhance the company's capital strength and overall competitiveness, better integrate international resources, and increase its international influence [5][6] - Shouchao Securities has appointed Ernst & Young as the auditing firm for the H-share issuance, which will provide the necessary accounting reports and opinions on related application documents [6] Group 2 - In terms of performance, Shouchao Securities achieved operating revenue of 2.418 billion yuan in 2024, a year-on-year increase of 25.49%, and a profit attributable to shareholders of 985 million yuan, up 40.49% [6] - However, in the first quarter of 2025, the company experienced a decline in both revenue and profit, with operating revenue of 432 million yuan, down 23.34%, and profit attributable to shareholders of 151 million yuan, down 31.42%, primarily due to fluctuations in the bond market affecting asset management income [6] - If Shouchao Securities successfully lists on the Hong Kong Stock Exchange, it will become the 14th brokerage firm to achieve dual listing in both A and H shares, joining a growing trend among A-share companies seeking to expand internationally [7]

Group 1 - The core point of the article is that 首创证券 is planning to issue H-shares, with a maximum issuance of 25% of the total share capital post-issuance, and an option for overall coordinators to exercise an additional 15% based on market conditions [3] - The issuance price will be determined based on the latest audited net asset value per share, considering the interests of existing shareholders, investor acceptance, and market conditions, using a market-oriented pricing approach [3] - 首创证券 was established in February 2000 with a registered capital of 2.73 billion yuan, and its controlling shareholder is 北京首都创业集团有限公司, with the actual controller being the Beijing State-owned Assets Supervision and Administration Commission [3] Group 2 - The purpose of the Hong Kong listing is to enhance capital strength and competitiveness, integrate international resources, and increase international influence [3] - From a performance perspective, 首创证券 experienced a decline in revenue and net profit attributable to shareholders in 2022, but is expected to return to positive growth in 2023 and 2024, with projected total revenue of 2.418 billion yuan in 2024, a year-on-year increase of 25.49%, and a net profit of 985 million yuan, a year-on-year increase of 40.49% [3] - In terms of ranking, 首创证券's net profit attributable to shareholders places it 28th among 49 brokerage firms [3]

Core Viewpoint - The company has decided to abolish the supervisory board and amend its articles of association to enhance corporate governance and operational efficiency [1][2]. Summary by Relevant Sections Corporate Governance Changes - The company will no longer establish a supervisory board, with the audit committee of the board of directors assuming the powers previously held by the supervisory board as per the Company Law of the People's Republic of China [1][2]. - The second supervisory board will continue its duties until the revised articles of association are approved by the shareholders' meeting, after which current supervisory board members will cease their roles [1][2]. Amendments to Articles of Association - A total of 217 clauses in the articles of association will be amended, with the remaining clauses unchanged [2]. - The amendments are based on the Company Law, the Securities Law, and relevant regulations from the China Securities Regulatory Commission [2]. Legal Compliance - The revised articles of association and related rules will be submitted for approval at the shareholders' meeting, and the final content will be subject to regulatory and registration authority approval [2].

Core Viewpoint - The policy aims to enhance the diversity of the board members and employees at Shouchao Securities, recognizing that diversity contributes positively to the company's performance and sustainable development [1][2]. General Policy - The company believes that a diverse board and workforce are essential for achieving strategic goals and maintaining sustainable development [1][2]. - The policy outlines the commitment to equal opportunities in recruitment, training, development, compensation, and promotion, focusing on various aspects of diversity such as skills, experience, education, culture, and gender [1][2]. Board and Nomination Committee Considerations - The board and the nomination committee will consider multiple factors when evaluating candidates for board positions, including diversity of perspectives, qualifications, time commitment, reputation, and potential contributions [2][3]. - The composition of the board, including aspects like gender and age, will be disclosed annually in the corporate governance report [2][3]. Gender Diversity Commitment - The company is dedicated to maintaining gender diversity at both the board and employee levels, aiming to have at least one member of a different gender on the board [3][4]. - There is a focus on increasing the proportion of female directors and providing more development opportunities for female employees [4]. Training and Development - The company provides training and development opportunities tailored to the specific needs and career aspirations of employees, including training on diversity and inclusion [4]. Monitoring and Reporting - The nomination committee is responsible for identifying and nominating board candidates according to the policy and relevant regulations [5]. - The company will assess and report on the execution of diversity initiatives annually in the corporate governance report, including measurable targets and progress [5]. Policy Review and Compliance - The nomination committee will review the policy periodically to ensure its effectiveness and propose amendments to the board as necessary [5]. - The policy will take effect upon the listing of the company's H shares on the Hong Kong Stock Exchange [5].

Core Points - The company is enhancing its governance structure following the issuance of H shares and the application for listing on the Hong Kong Stock Exchange [1] - The board of directors has nominated Mr. Yang Haibin as an independent director candidate, with the term starting from the listing date of the H shares [1] - Mr. Yang's qualifications and independence must be approved by the Shanghai Stock Exchange before being submitted for shareholder approval [1] Summary of Candidate's Profile - Mr. Yang Haibin, born in 1972, is a Hong Kong national with a doctoral degree and has held various academic positions, including professor at the Chinese University of Hong Kong [2] - As of the announcement date, Mr. Yang does not hold any shares in the company and has no relationships with other directors or significant shareholders [2] - His qualifications meet the relevant regulations and guidelines set forth by the Company Law and the Shanghai Stock Exchange [2]

Core Viewpoint - The candidate for the independent director position at Shouchao Securities Co., Ltd. has declared their qualifications and independence, ensuring compliance with relevant laws and regulations [1][4]. Summary by Sections Qualifications - The candidate possesses basic knowledge of listed company operations and has over 5 years of relevant work experience in law, economics, accounting, finance, or management [1]. - The candidate meets the requirements set forth by various laws and regulations, including the Company Law of the People's Republic of China and the Management Measures for Independent Directors of Listed Companies [1]. Independence - The candidate confirms their independence, stating they do not hold any positions or relationships that could compromise their independence, including not being a major shareholder or having significant business ties with the company [2][3]. - The candidate has no adverse records, such as administrative penalties from the China Securities Regulatory Commission or public reprimands from the stock exchange in the last 36 months [3][4]. Commitment - The candidate has undergone a qualification review by the Compensation and Nomination Committee of the board and has no conflicting interests with the nominating party [4]. - The candidate commits to adhering to all relevant laws and regulations during their tenure as an independent director and will resign if they no longer meet the independence criteria [5].

首创证券股份有限公司 股东通讯政策 （草案） （H 股发行上市后适用） 二零二五年七月 （于 2025 年 7 月 25 日经公司第二届董事会第十四次会议审议通过） 目 录 首创证券股份有限公司股东通讯政策 首创证券股份有限公司 股东通讯政策 笫一章 总则 第一条 首创证券股份有限公司（以下简称本公司）根据 《中华人民共和国公司法》《证券及期货条例》（香港法例第 简称《香港上市规则》）、《首创证券股份有限公司章程（草 案）（H 股发行并上市后适用）》（以下简称《公司章程》） 和其他法律、行政法规、规章及监管要求的规定，制定本政 策。 第二条 本公司奉行向股东公平披露资料和与股东坦诚沟 通的基本原则。本政策所载条文旨在确保本公司股东，包括 个人及机构股东（以下统称股东），及在适当情况下其他利 益相关者（包括一般投资人士），均可适时取得全面、相同及 容易理解的本公司资料（包括其财务表现、战略目标及计 划、重大发展、管治及风险概况），一方面使股东可在知情 情况下行使权力，另一方面也让股东及投资人士与本公司加强 沟通。就本政策而言，"投资人士"包括本公司的准投资者， 以及就本公司表现进行报告及分析的分析员。 首创证券 ...

Group 1 - The core point of the article is that Shouchao Securities has announced plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its capital strength and competitiveness [2][3] - Shouchao Securities will consider the interests of existing shareholders and market conditions when determining the timing and window for the issuance, which is valid for 24 months from the shareholders' meeting approval [2][3] - Currently, there are 42 listed securities firms in the A-share market, with 13 achieving "A+H" listings, including major firms like CITIC Securities and Huatai Securities [3] Group 2 - The proposal for H-share listing by Shouchao Securities is closely related to the recent boom in the Hong Kong stock market, which has seen a significant increase in equity financing, reaching 291.64 billion yuan, a year-on-year growth of 288.75% [4] - The performance of the Hong Kong brokerage sector has been strong, with companies like China Galaxy and Dongfang Securities seeing over 60% increases in their H-shares this year, indicating positive market sentiment towards Chinese brokerages [4] - Shouchao Securities has a relatively small net capital, with total equity of 13.229 billion yuan, ranking 54th in the industry, which has led to some volatility in its performance [6] Group 3 - In 2024, Shouchao Securities achieved record high revenues of 2.418 billion yuan, a year-on-year increase of 25.49%, and a net profit of 985 million yuan, up 40.49% [6] - However, in the first quarter of 2025, the company experienced a decline in performance, with revenues of 432 million yuan, down 23.34%, and net profit of 151 million yuan, down 31.42% [6] - The company has appointed Ernst & Young Hong Kong as the auditing firm for the H-share listing and will comply with relevant regulations and approvals from regulatory bodies [6]

证券代码：601136 证券简称：首创证券 公告编号：2025-024 1.基本信息 安永会计师事务所（以下简称安永香港）为一家根据香港法律设立的合伙制 事务所，由其合伙人全资拥有。安永香港为众多香港上市公司提供审计、税务和 咨询等专业服务，包括银行、保险、证券等金融机构。安永香港自成立之日起即 为安永全球网络的成员，与安永华明会计师事务所（特殊普通合伙）（以下简称 安永华明）一样是独立的法律实体。 2.投资者保护能力 安永香港根据香港《会计及财务汇报局条例》注册为公众利益实体核数师。 此外，安永香港经中华人民共和国财政部批准取得在中国内地临时执行审计业务 许可证。安永香港按照相关法律法规要求每年购买职业保险。 3.诚信记录 首创证券股份有限公司 关于聘请 H 股发行及上市审计机构的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 首创证券股份有限公司（以下简称公司）于 2025 年 7 月 25 日召开了第二届 董事会第十四次会议，审议通过了《关于审议公司聘请 H 股发行及上市审计机 构的议案》，同意聘请安永会计师事务所 ...