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Everbright Securities Co., Ltd. 2025 Annual Report Summary
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Company Code: 601788 Company Abbreviation: Everbright Securities
Section 1 Important Notes
This summary of the annual report is derived from the full annual report. To fully understand the company’s operating results, financial condition, and future development plans, investors should refer to the Shanghai Stock Exchange: Hong Kong Stock Exchange:
The company’s board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the contents of the annual report, with no false records, misleading statements, or significant omissions, and assume individual and joint legal responsibilities.
All directors of the company attended the board meeting.
KPMG Huazhen LLP (special general partnership) issued a standard unqualified audit report for the company.
The profit distribution plan or capital reserve to increase share capital approved by the board of directors
The profit distribution plan for the year 2025 approved at the 15th meeting of the 7th board of directors is: it is proposed to distribute cash dividends of 1,307,158,295.66 yuan to all A-share and H-share shareholders, with 504,881,246.47 yuan already distributed as cash dividends in the mid-term of 2025, resulting in a distribution of 802,277,049.19 yuan for this time. As of December 31, 2025, the total share capital of the company for A-shares and H-shares is 4,610,787,639 shares, proposing to distribute cash dividends of 0.1740 yuan per share (including tax) to all A-share and H-share shareholders. The above distribution plan will be submitted to the company’s shareholders’ meeting for deliberation and will be executed after being approved by the shareholders’ meeting.
As of the end of the reporting period, there are relevant situations of unremedied losses in the parent company and their impact on the company’s dividends and other matters
□ Applicable √ Not Applicable
Section 2 Basic Information of the Company
■
2.1 Industry Situation of the Company During the Reporting Period
In 2025, under the strong leadership of the Party Central Committee, China’s economy maintained steady operation amid multiple challenges, achieving an annual economic growth of 5%, exceeding 140 trillion yuan in total economic volume. New production capacities were rapidly cultivated, the industrial structure continued to improve, high-tech industries grew vigorously, significant progress was made in risk resolution in key areas, and high-quality development achieved new results, with economic resilience and development vitality further evident. Innovations in technologies such as large AI models garnered widespread attention, and the industrialization of frontier fields such as humanoid robots accelerated steadily, providing new momentum for the optimization and upgrading of the economic structure.
The central government and regulators clearly stated the need to accelerate the construction of first-class investment banks and investment institutions, encouraging functional development as the main line to grow stronger. The layout of the securities industry is rapidly reshaping, with increased concentration at the top, where the top ten brokerages account for over 50% of total industry assets, income, and profits; differentiated development characteristics are becoming more prominent, leading brokerages focus on service innovation and international layout, enhancing capital strength and comprehensive financial service capabilities through mergers and acquisitions, while small and medium-sized brokerages leverage resource endowments to delve into niche areas, building distinctive competitive advantages, resulting in a diversified industry ecology.
2.2 Business Activities of the Company During the Reporting Period
Wealth Management Business Cluster: Providing brokerage and investment advisory services to retail clients to earn fees and commissions, holding cash on behalf of clients to earn interest income, and selling financial products developed by the company and other financial institutions for commission; earning interest income from margin trading, stock pledge repurchase transactions, agreed repurchase transactions, and financing for equity incentive exercises by listed companies.
Corporate Financing Business Cluster: Providing one-stop direct financing services such as equity financing, debt financing, merger financing, New Third Board and structured financing, asset securitization, and financial advisory to corporate and government clients to earn fees and commissions.
Institutional Client Business Cluster: Providing integrated services such as investment research, custody, customized financial products and bundled solutions, bond distribution, etc., to various institutional clients to earn fees and commissions.
Investment Trading Business Cluster: Engaging in diversified investments and trades in stocks, bonds, derivatives, etc., under the premise of value investing and prudent operation, to earn investment income.
Asset Management Business Cluster: Offering various brokerage asset management services and fund asset management services to institutional and individual clients, earning management and advisory fees.
Equity Investment Business Cluster: Generating income from private equity investment financing and alternative investment activities.
2.3 Discussion and Analysis of Operating Conditions
In 2025, under the strong leadership of the Party Committee and the Board of Directors, the company thoroughly implemented the spirits of the Central Financial Work Conference and the Central Economic Work Conference, maintained strategic positioning, highlighted functional positioning, deepened business transformation, and solidified its development foundation. The company achieved operating revenue of 10.852 billion yuan for the year, a year-on-year increase of 13%; achieved a net profit attributable to the parent company of 3.724 billion yuan, a year-on-year increase of 22%.
The company’s main business segments include wealth management business cluster, corporate financing business cluster, institutional client business cluster, investment trading business cluster, asset management business cluster, and equity investment business cluster.
The company’s wealth management business cluster mainly includes retail business, margin trading business, stock pledge business, futures brokerage business, and overseas wealth management and brokerage business.
In 2025, this business cluster generated revenue of 6 billion yuan, accounting for 55%.
(1) Retail Business
In 2025, the company’s retail business followed the core logic of “client-asset-revenue,” practiced the development concept of “client-centered, professionalism-based,” adhered to a value-creation orientation, focused on customer base construction, expanded new account acquisition and effective client conversion, strengthened team foundation construction, continuously enhanced customer professional service capabilities, and pushed for high-quality development in wealth management. The company practiced the concept of “finance for the people,” actively built a unique wealth investment education brand, conducted over 2,600 investment education activities throughout the year, and won 22 awards from various sectors of society.
According to the latest data from the China Securities Association, as of the end of the third quarter of 2025, the company’s net income from securities brokerage business rose one rank from the previous year, and the net income from agency securities trading maintained a market share roughly equal to the previous year. As of the end of 2025, the company had a total of 7.165 million clients, an 11% increase from the end of the previous year; 762,000 new accounts were opened, an 18% year-on-year increase; total client assets reached 16.4 trillion yuan, a 20% increase from the end of the previous year.
The company always adheres to the investor-centric principle, roots in the quality of financial products, strengthens professional capability construction, and enhances the customer holding experience. Following the principle of “full category coverage + strict standard access,” the company carefully selects comprehensive strategy products, constructing a “basic layer - preferred layer - scenario layer” full-category tiered shelf; focusing on customer needs and market hotspots, achieving precise product supply; relying on a pool of “Golden Sunshine Preferred Pool,” an “allocation classroom” and a “Wisdom Win platform,” increasing long-term investment companionship. As of the end of 2025, the scale of non-cash funds held by the company reached 64.732 billion yuan, a 57.41% increase from the end of the previous year. In 2025, the cumulative scale of financial products sold by the company reached 22.282 billion yuan, an 8.86% year-on-year increase, and sales revenue grew by 32.3% year on year.
The company actively promotes buy-side advisory services, with the securities advisory “Golden Sunshine Advisory” deeply exploring professional value, focusing on constructing three major product systems: “combination type, information type, and tool type,” providing high-quality services for clients’ on-site securities transactions with core products represented by “All-E Investment,” “All-Star,” and “Golden Algorithm,” serving client assets exceeding 100 billion yuan, with revenue growing by 157% year on year. The fund advisory “Golden Sunshine Steward” closely aligns with the annual market trend, successfully building 16 standard fund combinations covering diverse categories such as money market, fixed income, equity, and global assets, fully meeting the diversified asset allocation needs of small and medium investors. The scale of fund advisory grew by 133.62% year on year, with the proportion of investors making profits exceeding 92%, and an average holding period of 354 days, effectively guiding investors to establish rational and long-term investment concepts.
The company continues to deepen the brand construction of wealth management centered on “investors,” with brands like “Golden Sunshine Advisory,” “Golden Sunshine Steward,” “Golden Sunshine Preferred Pool,” and “Golden Algorithm” winning over ten industry honors, such as Best Wealth Management Brand, Best ETF Service Award, Best Private Fund Service Award, Fund Advisory Newcomer Golden Bull Award, and Wealth Management Digital Innovation Award, gaining recognition from investors for its professional wealth management service system.
(2) Margin Trading Business
In 2025, the margin trading business adhered to the development logic of “client-asset-revenue,” enriched client service models, solidified client development foundations, effectively seized market development opportunities, and achieved synchronized growth in client numbers, balances, and revenues. The company strictly implemented regulatory requirements, optimized compliance and risk control mechanisms, and continuously improved asset quality, with no new risks for the entire year. As of the end of 2025, the balance of margin trading was 54.386 billion yuan, a 31.71% increase from the end of the previous year, with an overall guarantee ratio maintained at 265.81%.
(3) Stock Pledge Business
In 2025, the company carried out stock pledge business while ensuring that risks were controllable. As of the end of 2025, the stock pledge balance of the company was 1.937 billion yuan, of which the stock pledge balance of the company’s own funds was 370 million yuan, a decrease of 570 million yuan from the end of the previous year. The weighted average performance guarantee ratio for the company’s stock pledge projects funded by its own funds was 293.58%, with a high safety margin for existing projects.
(4) Futures Brokerage Business
The company primarily conducts futures brokerage business through its wholly-owned subsidiary, Everbright Futures. In 2025, Everbright Futures adhered to the origin of financial services to the real economy, continuously promoting the transformation of traditional brokerage business towards specialization, digitalization, and ecological development. Innovative business transformations in asset management and risk management achieved significant improvements, further solidifying the foundation for high-quality development. The average daily margin scale of Everbright Futures in 2025 reached 34.125 billion yuan, with a market share of 1.43% in trading volume. It ranked sixth among 32 futures companies engaged in stock options business, with a cumulative trading volume share of 1.31%. In 2025, Everbright Futures received multiple honors including “China’s Best Futures Company,” “Best Commodity Futures Industry Service Award,” and “Best Financial Futures Service Award” awarded by Futures Daily.
Everbright Futures has long been at the forefront of implementing the national rural revitalization strategy, leveraging the unique characteristics of the futures industry to fulfill the responsibilities of a financial central enterprise. Throughout the year, it received honors such as the “Outstanding Project of ‘Insurance + Futures’” from Zhengzhou Commodity Exchange, the “2025 China Outstanding Rural Revitalization Futures Company Jun Ding Award” from authoritative media, and the “Best Comprehensive Rural Revitalization and Social Responsibility Public Welfare Award.” Everbright Futures effectively utilized risk management tools to provide professional support and management tools for real enterprises and farmers, safeguarding the interests of real enterprises and farmer enterprises, and continuously deepening service to the real economy and the “three rural issues,” maintaining the political, people-oriented, and professional nature of financial work.
(5) Overseas Wealth Management and Brokerage Business
The company mainly conducts overseas wealth management and brokerage business through its Hong Kong subsidiary. As of the end of December 2025, the Hong Kong subsidiary had a total of 142,000 clients for securities brokerage business, with total retail client assets amounting to approximately HKD 68.3 billion, an 18.37% year-on-year increase, and the number of wealth management products exceeded 3,640. In 2025, the Hong Kong subsidiary won several awards including “Annual Securities Company - Excellence Award” and “Wealth Management Platform - Excellence Award” from Bloomberg Businessweek/Chinese Edition, and “Best Securities Company in Hong Kong” from Asia Financial.
The corporate financing business cluster mainly includes equity financing business, debt financing business, overseas investment banking business, and financing leasing business.
In 2025, this business cluster generated revenue of 900 million yuan, accounting for 8%.
(1) Equity Financing Business
Facing a new policy environment and a challenging market environment, the company’s equity financing business enhanced functional performance, closely focused on national strategic industries, deepened research on key industrial sectors, and further strengthened its capability to serve modern industries, fully promoting efficient project execution. The company continued to enhance collaborative efforts, deepening and strengthening project reserve work, actively expanding business channels, and striving to better serve its corporate clients to meet their financing needs in the real economy.
In 2025, the company completed equity financing projects for five clients, assisting two IPO clients and three refinancing clients in completing financing; the total equity financing amount was 1.712 billion yuan, a year-on-year increase of 57.06%, including IPO financing of 784 million yuan and refinancing of 927 million yuan; the company completed three merger and acquisition restructuring projects. As of the end of December 2025, the company had six IPO projects under review.
(2) Debt Financing Business
In 2025, the company’s debt financing business deeply executed the central government’s guidelines on financial work, maintaining the political orientation of financial work and the purpose of serving the people, always focused on the development needs of the real economy. The scale of debt financing services for the real economy reached 94.165 billion yuan, a year-on-year increase of 9.33%; supporting technology industry financing amounted to 28.234 billion yuan, supporting green industry financing reached 18.091 billion yuan, and supporting rural revitalization-related theme bonds (including rural revitalization, revolutionary old areas, and three rural themes) financing reached 3.19 billion yuan. The company continued to serve the financial “five major articles,” creating several highlight projects. Among them, the “First Water REIT” is the country’s first real estate ABS product based on water assets; the “Dongdao No. 16 Phase II Project” is the first green personal consumer finance ABS in the market; the “25 Everbright Financial Lease Green Bond 01” is the first green financial bond issued by Everbright Financial Lease and the first non-bank financial institution’s domestic green bond listed on the Luxembourg Stock Exchange. The company won the best bond underwriting and regional best bond underwriting awards in 2025 from Tonghuashun.
In 2025, the number of bond underwriting projects amounted to 1,747, with a bond underwriting amount of 415.479 billion yuan. Among them, the underwriting amount for asset-backed securities reached 52.426 billion yuan, with a market share of 2.79%, ranking eighth in the industry.
Details of the underwriting amounts and project numbers for major bond types
■
(3) Overseas Investment Banking Business
The company mainly conducts overseas investment banking business through its Hong Kong subsidiary. As of the end of December 2025, the Hong Kong subsidiary had completed a total of nine IPO equity underwriting projects, one IPO sponsorship project, one debt underwriting project, and three compliance advisory projects. Breakthroughs were achieved in cross-border services, completing the IPO for Guoxia Technology on the Hong Kong Stock Exchange, with an underwriting scale of 450 million HKD.
(4) Financing Leasing Business
The company mainly conducts financing leasing business through its controlling subsidiary Everbright Happiness Leasing. In 2025, Everbright Happiness Leasing continued to strengthen project management and asset recovery, optimizing its liability structure.
The institutional client business cluster mainly includes investment research business, asset custody and outsourcing business, financial innovation business, and overseas institutional trading business.
In 2025, this business cluster generated revenue of 1.1 billion yuan, accounting for 10%.
(1) Investment Research Business
In 2025, the company’s investment research business focused on economic situations and market hotspots, deepened policy analysis and economic judgment, and frequently communicated Everbright’s research views to inject professional strength into the high-quality development and steady progress of capital markets. The company accelerated the construction of a professional research team, continuously enhancing its ability to serve clients and the market through distinctive and in-depth research. In 2025, the company held four large-scale communication meetings with listed companies, conducted 888 conference calls, completed 4,646 research reports, and carried out 25,735 roadshows and reverse roadshows, jointly researching 779 sessions. As of the end of December 2025, the company tracked 732 A-share listed companies and 198 overseas listed companies, with its market influence continuously rising.
(2) Asset Custody and Outsourcing Business
In 2025, the company’s asset custody and outsourcing business adhered to the philosophy of providing professional, efficient, and pleasant services to institutional clients, continuously strengthening compliance operations and risk control, strictly implementing regulatory requirements, and enhancing professional operational capabilities, fully leveraging the infrastructural service functions of institutional business. As of the end of December 2025, the company moved up two ranks to 13th place in the number of private securities investment funds under management compared to the end of 2024; the scale of custody for public and private funds reached 74.991 billion yuan, a year-on-year increase of 37.18%; the scale of private fund outsourcing reached 147.546 billion yuan, a year-on-year increase of 18.65%.
(3) Financial Innovation Business
In 2025, the company strictly implemented regulatory policy requirements, combined with market operating conditions, continuously improved compliance and risk management mechanisms, and orderly promoted the business development of income swaps, over-the-counter options, and income certificates, ensuring risk control. The company continued to enhance system optimization and functionality, improving transaction support and risk management capabilities, further enhancing its service level for institutional clients’ asset allocation and risk management needs. During the reporting period, the company continued to expand its market-making business layout, adding multiple ETF market-making targets, achieving coverage of all stock index options varieties from the Shanghai and Shenzhen Stock Exchanges, 56 ETF funds, and all stock index options from the China Financial Futures Exchange. The company continuously improved the continuity and stability of quotes, enhancing market liquidity supply capabilities, effectively fulfilling its responsibilities as a market maker, and received the annual comprehensive A rating for the main market maker of stock options from the Shanghai Stock Exchange, the annual comprehensive “Good” rating for the main market maker of stock options from the Shenzhen Stock Exchange, and the annual comprehensive A rating for liquidity services from the Shenzhen Market Fund in 2025.
(4) Overseas Institutional Trading Business
The company mainly conducts overseas institutional trading business through its Hong Kong subsidiary. As of the end of December 2025, the overseas institutional trading business developed steadily, continuously strengthening business expansion in primary and secondary markets, and has established cooperation with multiple leading asset management companies.
The investment trading business cluster includes proprietary equity investment business and proprietary fixed income investment business.
In 2025, this business cluster generated revenue of 1.3 billion yuan, accounting for 12%.
(1) Proprietary Equity Investment Business
In 2025, the company’s proprietary equity investment business focused on absolute return orientation, strictly adhered to risk bottom lines, actively responded to structural opportunities and challenges, and achieved multiple goals, including generating absolute returns, steadily increasing investment scale, maintaining controllable risks, and significantly improving performance year on year through diversified investment strategies, diversified asset allocation, and continuous dynamic portfolio management.
(2) Proprietary Fixed Income Investment Business
In 2025, the company’s proprietary fixed income investment business consistently aimed for absolute returns, continuously expanded business scale through refined management, enriched investment strategies, and strictly controlled various risks. The company gradually established a three-dimensional research system that covers macroeconomics, monetary policy, credit spreads, and derivatives pricing, continuously solidifying the investment research foundation in the fixed income field. Facing challenges from upward fluctuations in yields, the company sought progress while maintaining stability, preserving performance resilience, and optimally adjusting asset structures and investment strategies while moderately expanding scale, striving to smooth the impact of market fluctuations on performance, resulting in overall good operating conditions.
The asset management business cluster includes asset management business, fund management business, and overseas asset management business.
In 2025, this business cluster generated revenue of 1.2 billion yuan, accounting for 11%.
(1) Asset Management Business
The company primarily conducts asset management business through its wholly-owned subsidiary, Everbright Asset Management. Since 2025, Everbright Asset Management has steadily completed regulatory work such as managing changes to public collective funds, returning to focusing on private asset management business development. Based on client needs, Everbright Asset Management strives to expand the market, actively develop investment strategies, enrich product layouts, and continuously enhance cooperation with core clients, steadily improving business development quality and efficiency. As of the end of December 2025, Everbright Asset Management had a total entrusted asset management scale of 273.28 billion yuan.
(2) Fund Management Business
The company primarily conducts fund management business through its controlling subsidiary, Everbright Pramerica. In 2025, Everbright Pramerica continuously strengthened cooperation with various distribution channels, issuing and establishing several funds, including Everbright Pramerica Dividend Quantitative Stock Selection Mixed Securities Investment Fund, Everbright Pramerica CSI 300 Index Enhanced Securities Investment Fund, Everbright Pramerica CSI A500 Index Securities Investment Fund, Everbright Pramerica 30-day Rolling Bond Securities Investment Fund, Everbright Pramerica National General Aviation Industry Index Securities Investment Fund, and Everbright Pramerica National Robotics Industry Index Securities Investment Fund, with a total fundraising scale of 3.935 billion yuan. Everbright Pramerica continued to promote the construction of its investment research system, gradually expanding the team of researchers and striving to enhance the breadth and depth of research support for investments, creating high-performance products. As of the end of December 2025, the total asset management scale of Everbright Pramerica was 134.954 billion yuan, among which the scale of public fund management was 119.227 billion yuan, and the scale of public funds excluding money market funds was 68.139 billion yuan. Everbright Pramerica managed 86 public funds, 28 special account products, and 23 products from its asset management subsidiaries.
(3) Overseas Asset Management Business
The company primarily conducts overseas asset management business through its Hong Kong subsidiary. As of the end of December 2025, the Hong Kong subsidiary continued to optimize its overseas asset management business, assisting QFII clients in multiple private fund subscription works, and its public fund products performed outstandingly, successfully issuing the first private sunshine product, Everbright Brilliant Choice Global Equity Fund, during the year.
The equity investment business cluster includes private equity fund investment and financing business and alternative investment business.
In 2025, this business cluster generated revenue of -100 million yuan.
(1) Private Equity Fund Investment and Financing Business
The company primarily conducts private equity fund investment and financing business through its wholly-owned subsidiaries Everbright Capital and Everbright Development. In 2025, Everbright Capital, in accordance with regulatory requirements, continued to regulate direct investment projects and existing funds, enhancing post-investment management of existing projects and steadily advancing risk resolution. In 2025, Everbright Development implemented various work deployments, orderly resolving the collection of existing projects without any new risk compliance issues; enhancing post-investment management and information disclosure for managed funds to ensure steady project advancement.
(2) Alternative Investment Business
The company primarily conducts alternative investment business through its wholly-owned subsidiary Everbright Fuzun. Everbright Fuzun focuses on high-quality development, industrial upgrading, and other key areas, orderly advancing direct equity investment, IPO co-investment, and other businesses. During the reporting period, it added strategic placement projects on the Beijing Stock Exchange and listed companies’ private placements, further optimizing business structures for steady development. At the same time, it actively enhanced the refinement and professionalism of post-investment management to ensure safe and orderly exits from projects.
3.1 Main Accounting Data and Financial Indicators for the Past Three Years
Unit: Yuan Currency: RMB
■
3.2 Major Accounting Data by Quarter During the Reporting Period
Unit: Yuan Currency: RMB
■
Explanations for Differences Between Quarterly Data and Disclosed Regular Reports
□ Applicable √ Not Applicable
4.1 Total number of common shareholders at the end of the reporting period and one month before the disclosure of the annual report, total number of preferred shareholders whose voting rights are restored, and total number of shareholders holding special voting rights, along with information on the top 10 shareholders
Unit: Shares
■
Note 1: As of the end of the reporting period, the total number of common shareholders was 169,737, of which 169,600 were A-share shareholders and 137 were H-share registered shareholders; the total number of common shareholders as of the end of the month prior to the disclosure of the annual report was 171,034, of which 170,897 were A-share shareholders and 137 were H-share registered shareholders.
Note 2: Hong Kong Central Clearing (Agent) Company Limited is the nominal holder of shares held by non-registered H-share shareholders of the company.
Note 3: Hong Kong Central Clearing Company Limited is the nominal holder of the company’s Shanghai Stock Connect stocks.
4.2 Diagram of the Ownership and Control Relationship Between the Company and its Controlling Shareholder
√ Applicable □ Not Applicable
■
Note: The above chart shows that the three shareholders of China Everbright Group Co., Ltd. hold a combined stake of 99.99%, which results in rounding discrepancies due to the retention of two decimal places. China Everbright Group Limited holds shares in China Everbright Holdings Limited indirectly.
4.3 Diagram of the Ownership and Control Relationship Between the Company and its Actual Controller
√ Applicable □ Not Applicable
■
Note: The above chart shows that the three shareholders of China Everbright Group Co., Ltd. hold a combined stake of 99.99%, which results in rounding discrepancies due to the retention of two decimal places. China Everbright Group Limited holds shares in China Everbright Holdings Limited indirectly.
4.4 Total number of preferred shareholders at the end of the reporting period and information on the top 10 shareholders
□ Applicable √ Not Applicable
√ Applicable □ Not Applicable
5.1 Information on all bonds existing as of the date of approval of the annual report
Unit: Billion Currency: RMB
■
5.2 Interest Payment and Redemption Status of Bonds During the Reporting Period
■
5.3 Adjustments to Credit Ratings Made by Rating Agencies on the Company or Bonds During the Reporting Period
□ Applicable √ Not Applicable
5.4 Main Accounting Data and Financial Indicators for the Past Two Years
√ Applicable □ Not Applicable
Unit: Ten Thousand Yuan Currency: RMB
■
Section 3 Important Matters
For details, see Section 2 “2. Overview of the Company’s Main Business During the Reporting Period” of this report.
□ Applicable √ Not Applicable
Securities Code: 601788 Securities Abbreviation: Everbright Securities
Everbright Securities Co., Ltd.
Summary of the 2025 Annual Sustainable Development Report
Section 1 Important Notes
This summary is derived from the full sustainable development report. To fully understand the company’s environmental, social, and governance (ESG) issues and their related impacts, risks, and opportunities, as well as the company’s sustainable development strategy, investors should carefully read the full “2025 Annual Sustainable Development Report of Everbright Securities Co., Ltd.” on the website www.sse.com.cn.
This sustainable development report has been reviewed and approved by the company’s board of directors.
Section 2 Basic Information of the Report
■
(1) Is there a governance body responsible for managing and supervising matters related to sustainable development impacts, risks, and opportunities: √ Yes, the name of this governance body is Board of Directors and its Strategic and Sustainable Development Committee □ No
(2) Is there an internal reporting mechanism for sustainable development information: √ Yes, the reporting method and frequency is annual regular disclosure, reviewed by the Board of Directors and its Strategic and Sustainable Development Committee □ No
(3) Is there a sustainable development supervision mechanism, such as internal control systems, supervision procedures, supervisory measures, and assessment situations: √ Yes, the relevant systems or measures are the company continuously improves the “supervision-management-execution” three-level ESG governance structure, establishing a full-chain management system led directly by the Board of Directors’ strategic decision-making, the Strategic and Sustainable Development Committee, the ESG working group coordinating efforts, and all departments promoting implementation, ensuring the solid implementation of sustainable development concepts and management initiatives, continuously enhancing ESG governance capabilities and improving governance quality. Regarding ESG governance structure, the Strategic and Sustainable Development Committee is responsible for setting ESG goals, promoting ESG system construction, and reviewing ESG reports. In terms of ESG risk management, in accordance with strategic goals, the company incorporates ESG risks into comprehensive risk management, actively integrating ESG concepts with the company’s strategy and operations to identify key ESG issues and corresponding risks, such as customer rights protection, privacy and information security in brokerage business; innovation practices of green financing tools in investment banking business; responsible investment issues related to asset management, effectively fulfilling the social responsibilities of financial enterprises and promoting the company’s long-term sustainable development. □ No
Does the company engage in stakeholder communication through interviews, discussions, surveys, etc., and disclose the results: √ Yes □ No
■
■
Note:
The company, in line with its sustainable development practices and materiality analysis results, identifies issues such as green operation (involving pollutant emissions, waste treatment, environmental compliance management, energy utilization, water resource utilization, circular economy), ecosystem and biodiversity protection, equal treatment of small and medium enterprises, technological ethics, and anti-unfair competition as issues that are neither financially material nor influential. The company has also disclosed and explained relevant content for these non-material issues.
The company also identified issues such as deepening green finance, responsible investments, serving the real economy, investor education, promoting industry development, improving corporate governance, strengthening risk management, and adhering to compliance operations as material issues based on the industry and disclosed them in the sustainable development report.
Securities Code: 601788 Stock Abbreviation: Everbright Securities Announcement No.: Lin 2026-011
H-share Code: 6178 H-share Abbreviation: Everbright Securities
Everbright Securities Co., Ltd.
Announcement of Resolutions of the 15th Meeting of the 7th Board of Directors
The company’s board of directors and all directors guarantee that there are no false records, misleading statements, or significant omissions in this announcement, and assume legal responsibility for the truthfulness, accuracy, and completeness of its content.
The notice for the 15th meeting of the 7th board of directors of Everbright Securities Co., Ltd. (hereinafter referred to as the “company”) was sent by email on March 12, 2026. The meeting was held on March 26, 2026, at 9:00 AM in a combined format of on-site and video communication. The meeting had 13 directors present, all of whom were present. Among them, Mr. Liang Yi and Mr. Liu Qiuming attended the meeting in person; Mr. Zhao Ling, Ms. Ma Rentao, Mr. Lian Yalin, Mr. Pan Jianyun, Mr. An Xuesong, Mr. Qin Xiaozheng, Mr. Ren Yongping, Ms. Yin Junming, Ms. Chen Xuanjuan, and Mr. Lü Suiqi attended the meeting via video; Mr. Liu Yingbin voted via communication. Mr. Zhao Ling presided over the meeting, and some senior executives attended the meeting. The meeting complied with the provisions of the Company Law of the People’s Republic of China and the Articles of Association regarding the convening of board meetings.
After careful consideration, the company’s directors approved the following resolutions:
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
This proposal has been approved by the company’s board of directors’ Audit and Related Party Transactions Control Committee.
This proposal still needs to be submitted to the company’s shareholders meeting for deliberation.
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
This proposal still needs to be submitted to the company’s shareholders meeting for deliberation.
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
This proposal still needs to be submitted to the company’s shareholders meeting for deliberation.
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
This proposal still needs to be submitted to the company’s shareholders meeting for deliberation.
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
This proposal has been approved by the company’s board of directors’ Remuneration, Nomination, and Qualification Review Committee.
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
This proposal has been approved by the company’s board of directors’ Remuneration, Nomination, and Qualification Review Committee.
This proposal still needs to be submitted to the company’s shareholders meeting for deliberation.
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
This proposal has been approved by the company’s board of directors’ Remuneration, Nomination, and Qualification Review Committee.
This proposal still needs to be submitted to the company’s shareholders meeting.
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
This proposal has been approved by the company’s board of directors’ Strategic and Sustainable Development Committee.
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
This proposal has been approved by the company’s board of directors’ Audit and Related Party Transactions Control Committee.
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
This proposal has been approved by the company’s board of directors’ Risk Management Committee.
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
This proposal has been approved by the company’s board of directors’ Risk Management Committee.
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
This proposal has been approved by the company’s board of directors’ Audit and Related Party Transactions Control Committee.
Voting results: 13 votes in favor, 0 votes against, 0 abstentions.
This proposal has been approved by the company’s board of directors’ Audit and Related Party Transactions Control Committee.
This proposal still needs to be submitted to the company’s shareholders meeting for deliberation.
This proposal involves related party transactions, and related directors Mr. Zhao Ling, Mr. Liang Yi, Mr. Liu Qiuming, Ms. Ma Rentao, Mr. Lian Yalin, Mr. Pan Jianyun, and Mr. An Xuesong abstained from voting.
Voting results: 6 votes in favor, 0 votes against, 0 abstentions.
This proposal has been approved by the company’s board of directors’ Audit and Related Party Transactions Control Committee and all independent directors.
This proposal still needs to be submitted to the company’s shareholders meeting for deliberation.