Core Viewpoint - The proposed merger between China International Capital Corporation (CICC) and Dongxing Securities, along with Xinda Securities, is expected to generate a one-time post-tax gain of approximately 20 billion RMB for China Xinda [1] Group 1: Company Actions - Xinda International Holdings opened over 5% higher, trading at 0.63 HKD with a transaction volume of 287,300 HKD [1] - China Xinda holds 2.551 billion A-shares of Xinda Securities, representing 78.67% of its equity [1] - Upon completion of the merger, China Xinda will no longer hold any A-shares of Xinda Securities and will receive 1.323 billion A-shares from CICC, accounting for approximately 16.71% of its equity [1] Group 2: Regulatory Aspects - CICC will become the indirect controlling shareholder of Xinda International Holdings [1] - The Hong Kong Securities and Futures Commission has confirmed that the merger will not trigger a mandatory general offer obligation for CICC regarding Xinda International Holdings [1] - Xinda International Holdings will continue to monitor the merger progress and will issue further announcements as required by listing rules and applicable regulations [1]