East Money (300059.SZ) announced recently that the company intends to issue Global Depository Receipts (GDRs) upon obtaining approvals from relevant competent regulatory authorities at home and abroad. The GDRs will take the newly issued RMB ordinary shares (A-shares) of the company as the underlying securities. To complete this issuance and listing, the company intends to convert into an overseas incorporated company for fundraising in accordance with relevant laws and regulations, and issue GDRs to investors meeting relevant conditions in accordance with the terms and conditions set forth in the GDR prospectus. The announcement shows that the number of newly issued underlying A-share shares represented by the GDRs to be issued this time shall not exceed 660,708,127 shares (including any securities issued if the over-allotment option is exercised), and shall not exceed 5% of the company's total issued ordinary share capital prior to this issuance. If the company's shares undergo share repurchase, stock dividend, capital reserve-based capitalization issue, rights issue, convertible bond conversion or other changes during the period from the date of the board resolution for this issuance to the date of issuance, the number of newly issued underlying A-share shares represented by the GDRs to be issued this time will be adjusted accordingly in accordance with relevant regulations. After deducting issuance expenses, the funds raised by the company through this GDR issuance will be used to expand and extend wealth management products and services, increase R&D cooperation and investment, inject capital into subsidiaries and construct overseas branches, meet the needs of daily business development, supplement working capital, etc., so as to further improve the overall wealth management service capabilities and consolidate and enhance the company's market position. The GDRs issued this time may be converted into the underlying A-share shares under the premise of complying with domestic and overseas regulatory requirements. According to the requirements of the *Regulations on the Supervision and Administration of Depository Receipt Business*, the GDRs issued this time shall not be converted into domestic A-share shares within 120 calendar days from the date of listing. The GDRs subscribed by the company's controlling shareholders, actual controllers and enterprises controlled by them shall not be transferred within 36 months from the date of listing. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting & Management Co., Ltd. is the domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same actual controller. Both companies are under the same actual controller, are uniformly managed under the One China principle, and comply with the laws of Hong Kong and the mainland of China.