CITIC Construction Investment Equity transfer Buyer determination

Citic Securities (600030) announcement, July 29, the company received the Beijing financial assets Exchange on CITIC Construction stock Equity of the results of the notice.　　45% of the intention of the party is the Beijing state-owned Capital Management Center, the price is 7.29 billion yuan, 8% of the intention of the assignee is the Century Jinyuan Investment Group Co., Ltd., the price of 1.296 billion yuan. Citic Securities had previously held 60% per cent of Citic's investment securities, and Citic Securities only retained a 7% per cent stake in CITIC Construction securities after the transfer.　　The transfer is subject to approval by the SFC.　　Citic Securities announced on June 2, in order to meet the CSRC's regulatory requirements for securities companies to solve the competition problem, the company intends to transfer the holdings of Citic Investment Securities Limited Liability company 53% of the equity, the transfer is listed through the transfer of property rights trading agencies, the listing price of 8.586 billion yuan. The initial investment cost of CITIC Securities 60% equity is 1.62 billion yuan, and the initial investment cost of 53% equity is 1.431 billion yuan.　　The transfer of value-added 6 times times.　　However, since Citic Investment Securities is an important subsidiary of CITIC Securities, the transfer of equity will result in the corresponding reduction of the total assets, net asset and operating income of CITIC Securities combined caliber. 2009, Citic Investment securities operating income of 6.082 billion yuan, the total profit of 3.488 billion yuan, net profit of 2.617 billion yuan. Owns 120 securities sales department. During the same period, Citic Securities operating income of 22.007 billion yuan, the total profit of 13.302 billion yuan, attributable to the parent company's net profit of 8.984 billion yuan.　　After the transfer of 53% Equity, Citic Securities will no longer be the performance of the Securities and the table, Citic Securities operating income and net profit will be reduced by nearly 30%. However, Citic Securities has said that the transfer of the shares will not affect the company's continued ability to operate.　　After the completion of the equity transaction, the company's capital strength further enhanced, will strongly promote the company's buyer business development. Since 2008, Citic Securities has been vigorously developing the buyer's business, including the new and direct investment company Jin Jin Gold Co., Ltd., the establishment of Industrial fund subsidiaries, integration Fund business.　　In addition, Citic Securities has obtained the financing margin business qualification in 2010 years, the company's proprietary business and asset management business has applied for stock index futures business transaction qualification, will continue to vigorously promote the buyer's business in the future, these new business will become an important source of revenue for the company. As CITIC investment brokerage business accounted for 40% of Citic's combined share of shares, to offset the adverse effects of the transfer of equity, Citic Securities said it would increase its brokerage strength by selectively adding additional outlets.