The board of directors of GF Securities reviewed and passed a bill to adjust the upper limit of the total scale of the financing and securities lending business to no more than 2.5 times the net capital for the same period, and authorized management to determine the specific amount within the above amount based on market and net capital changes. This change to a multiple measurement linked to net capital is based on industry practice. Many brokerage firms announced earlier generally set it to 3 times net capital. As of the end of the first quarter, the net capital of GF Securities was 113.1 billion yuan. After the adjustment, the upper limit of the total scale of the financing and securities lending business will not exceed 287.5 billion yuan, an increase from the upper limit of 190 billion yuan.

The board of directors of GF Securities reviewed and passed a bill to adjust the upper limit of the total scale of the financing and securities lending business to no more than 2.5 times the net capital for the same period, and authorized management to determine the specific amount within the above amount based on market and net capital changes. This change to a multiple measurement linked to net capital is based on industry practice. Many brokerage firms announced earlier generally set it to 3 times net capital. As of the end of the first quarter, the net capital of GF Securities was 113.1 billion yuan. After the adjustment, the upper limit of the total scale of the financing and securities lending business will not exceed 287.5 billion yuan, an increase from the upper limit of 190 billion yuan.