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GF Hong Kong will purchase part of the equity holdings from two major shareholders of Value Partners and is expected to hold 20.20% of Value Partners upon the completion of the transaction. This transaction will enable Value Partners to further strengthen its position as a world-class Asia and China specialist asset manager to address the increasing investment needs of institutional and individual investors globally.

Charles LIN, CEO of GF Hong Kong, stated: "As one of China's largest full-service financial institutions by asset size, GF Securities values the opportunity to collaborate with Value Partners as a strategic shareholder. The synergies we create will sharpen our competitive edges in wealth and asset management. The move is also in line with GF Securities' strategy to expand the firm's global footprints. We believe that with joint efforts, GF Securities will be able to further advance sustainable economic growth and capture financial opportunities in China's Greater Bay Area."

Dato' Seri CHEAH Cheng Hye, Co-Chairman and Co-CIO at Value Partners, said: "As one of the largest independent asset managers in the Asia region with more than 30-year track record of delivering investment values to our clients, Value Partners is delighted to collaborate with GF Securities through this strategic investment. The partnership will not only significantly increase Value Partners' reach to mainland Chinese investors, especially in the Greater Bay Area, through GF Securities' strong distribution network, but also strengthen our investment capabilities across different asset classes in China. We are confident that our collaboration with GF Securities as a strategic shareholder can generate synergies and bring long-term and stable returns to the company's shareholders and investors."

Completion of the Transaction is subject to the satisfaction of conditions precedents, including obtaining necessary regulatory approvals and consents from and completion of registration, with relevant governmental and regulatory authorities. Exact shareholding and consideration is to be finalised upon completion.

Value Partners, one of Asia's leading independent asset management firms. Establised in 1993 and listed in 2007, Value Partners' investment strategies cover equities, fixed income, multi-asset, alternatives, real estate and quantitative investment solutions, for institutional and individual clients in Asia-Pacific, Europe and the United States.

Established in 1991, GF Securities Co., Ltd. is one of the first, full-service securities companies in China. As of December 31, 2022, the Company operated 338 branches and business departments, covering 31 provinces, cities, and autonomous regions throughout China.

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