Financial Street Securities Co., Limited (01476, “Financial Street Securities”) issued an update on 16 March 2026 regarding regulatory actions taken against non-executive director Mr. Wang Linjing for historical misconduct during his tenure at Tianfeng Securities Co., Ltd. (“TF Securities”). The measures were imposed by the China Securities Regulatory Commission (CSRC) Hubei and Fujian bureaus, as well as the Shanghai Stock Exchange (SSE).

Regulatory findings and penalties 1. CSRC Hubei Bureau: Administrative Penalty Decision [2026] No. 5 cited information disclosure violations at TF Securities. Mr. Wang received a warning and a RMB3.00 million fine. 2. Shanghai Stock Exchange: Disciplinary Decision Letter [2026] No. 36, referencing the Hubei ruling and additional operational breaches, imposed a public censure on Mr. Wang. The decision will be filed with the CSRC and recorded in market integrity archives. 3. CSRC Fujian Bureau: Administrative Penalty Decision [2026] No. 3 and prior advance notice Min Zheng Jian Han [2026] No. 132 addressed TF Securities’ delayed disclosure of a 12.29 % equity acquisition in Fujian Yong’an Forestry (Group) Joint-Stock Co., Ltd. Mr. Wang, as TF Securities’ president at the time, was deemed directly responsible and fined RMB1.40 million and given a formal warning.

Aggregate sanctions against Mr. Wang total RMB4.40 million alongside the SSE public censure.

Company assessment The board (excluding Mr. Wang) stated that the matters relate solely to TF Securities and do not concern the operations, directors, or senior management of Financial Street Securities. Current business activities remain unaffected. The company will continue to monitor developments and disclose further information in accordance with Hong Kong Listing Rules.