CSRC: Approves the Establishment of Citigroup Securities (China) Co., Ltd.

Odaily: The China Securities Regulatory Commission (CSRC) has approved the establishment of Citigroup Securities (China) Co., Ltd. (hereinafter referred to as "Citi China"). Citi China is registered in Shanghai with a registered capital of RMB 1.2 billion, and its business scope covers securities brokerage, securities investment consulting, securities underwriting and sponsorship, and proprietary securities trading. The shareholder name, capital contribution amount, and contribution ratio are as follows: Citigroup Global Markets Holdings Limited contributes 100%. (CSRC)