The League of Nations Minsheng announced that the company plans to transfer assets related to the wealth management business to Minsheng Securities, a wholly-owned subsidiary, free of charge, while also transferring assets related to Minsheng Securities's fixed income investment business and equity investment business to the company free of charge. In order to optimize resource allocation, the company plans to reduce the registered capital of Minsheng Securities by 10 billion yuan. After the capital reduction, the registered capital of Minsheng Securities will be reduced from 11.51 billion yuan to 1.51 billion yuan. The company still holds 100% of Minsheng Securities shares. The free transfer and capital reduction matters have been reviewed and approved by the company's board of directors, and do not constitute a related transaction or major asset restructuring.

The League of Nations Minsheng announced that the company plans to transfer assets related to the wealth management business to Minsheng Securities, a wholly-owned subsidiary, free of charge, while also transferring assets related to Minsheng Securities's fixed income investment business and equity investment business to the company free of charge. In order to optimize resource allocation, the company plans to reduce the registered capital of Minsheng Securities by 10 billion yuan. After the capital reduction, the registered capital of Minsheng Securities will be reduced from 11.51 billion yuan to 1.51 billion yuan. The company still holds 100% of Minsheng Securities shares. The free transfer and capital reduction matters have been reviewed and approved by the company's board of directors, and do not constitute a related transaction or major asset restructuring.