Lianhe Global:Change in Controlling Shareholder Will Not Impact China Great Wall’s Strategic Importance and Government Support

14 February 2025, China Great Wall Asset Management Co., Ltd. (“China Great Wall” or “the company”; ‘AA-/Stable’) disclosed that Ministry of Finance of the People’s Republic of China (“MOF”) intends to transfer all of its shares in China Great Wall Asset (approximately 73.53% of the company’s total issued shares) to Central Huijin Investment Ltd. (“Central Huijin”) free of charge. Upon completion of the transfer, China Central Huijin will become the controlling shareholder of China Great Wall Asset, and the company will remain a state-owned financial institution.