China Galaxy Securities Co., Ltd. Enters into Framework Agreement with Galaxy Financial Holdings

China Galaxy Securities Co., Ltd. has entered into a Framework Agreement with Galaxy Financial Holdings to provide securities and financial services to the latter in its ordinary course of business from January 1, 2025 to December 31, 2027. The agreement includes securities brokerage services, sales agency services, leasing of exchange trading units, and other relevant securities and financial services. Galaxy Financial Holdings will receive service charges and commissions from China Galaxy Securities Co., Ltd. for the provision of these services, and will also pay interest to the company on its entrusted funds.

Key Takeaways:

The Framework Agreement was entered into between China Galaxy Securities Co., Ltd. and Galaxy Financial Holdings on December 6, 2024, and is effective from January 1, 2025 to December 31, 2027.
The agreement includes four types of services: securities brokerage services, sales agency services, leasing of exchange trading units, and other relevant securities and financial services.
Galaxy Financial Holdings, as the controlling shareholder of China Galaxy Securities Co., Ltd., will receive service charges and commissions from the company for the provision of these services, and will also pay interest on its entrusted funds.
Due to increased business needs, a Supplemental Agreement was entered into on October 13, 2025, to revise the annual caps for service charges and commissions receivable by China Galaxy Securities Co., Ltd. from Galaxy Financial Holdings.
The transactions under the Framework Agreement constitute continuing connected transactions of China Galaxy Securities Co., Ltd. under Chapter 14A of the Listing Rules.
The applicable percentage ratios as set out in the Listing Rules represented by the revised annual caps of the continuing connected transactions are more than 0.1% but less than 5%, and as such, the transactions are subject to the reporting, announcement and annual review requirements but are exempt from the independent shareholders' approval requirement.

Statistics:

Date of Framework Agreement: December 6, 2024
Date of Supplemental Agreement: October 13, 2025
Effective period of Framework Agreement: January 1, 2025 to December 31, 2027
Percentage of shares held by Galaxy Financial Holdings in China Galaxy Securities Co., Ltd.: 47.43%
Type of services provided under the Framework Agreement: 1) securities brokerage services, 2) sales agency services, 3) leasing of exchange trading units, 4) other relevant securities and financial services

Sources:

Announcement by China Galaxy Securities Co., Ltd. dated December 6, 2024
Supplemental Agreement between China Galaxy Securities Co., Ltd. and Galaxy Financial Holdings dated October 13, 2025
Listing Rules of the Hong Kong Stock Exchange
Link to the complete document: https://www1.hkexnews.hk/listedco/listconews/sehk/2025/1013/2025101301204.pdf