红塔证券：累计回购1364.33万股

Group 1 - The core point of the article is that Hongta Securities has repurchased a total of 13.6433 million shares, accounting for 0.2892% of its total share capital, with a total expenditure of approximately 120 million RMB [1][1][1] Group 2 - As of November 21, 2025, the highest purchase price for the repurchased shares was 9.1 RMB per share, while the lowest was 8.45 RMB per share [1][1][1] - For the first half of 2025, the revenue composition of Hongta Securities is as follows: proprietary investment business accounted for 81.15%, wealth management business 19.4%, institutional services 7.53%, inter-segment elimination -1.53%, and others -6.55% [1][1][1] - The current market capitalization of Hongta Securities is 40 billion RMB [1][1][1]