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According to the Action Plan of Shanghai to Support the Merger, Acquisition and Restructuring of Listed Companies (2025-2027) issued by the General Office of Shanghai Municipal People's Government, Shanghai will promote the transformation and upgrading of traditional industries, and encourage listed companies in traditional industries such as modern service industry and professional service industry, including finance and logistics, to carry out mergers and acquisitions in the same industry, upstream and downstream, and reasonably improve industrial concentration. Oriental Fortune, as the leader of securities companies, is naturally likely to become one of the beneficiaries of this policy. The policy clearly puts forward the main goal, that is, to strive to cultivate about 10 internationally competitive listed companies in key industries such as integrated circuits, biomedicine and new materials by 2027, forming a scale of 300 billion yuan of M&A transactions and activating total assets of over 2 trillion yuan. This provides opportunities for financial listed companies such as Oriental Fortune to merge and reorganize. Especially in the financial field, the policy encourages mergers and acquisitions in the same industry and upstream and downstream to enhance industrial concentration. In addition, the policy also mentions that it will accelerate the merger of securities companies and build a first-class investment bank, which further shows that securities companies such as Oriental Fortune have opportunities in mergers and acquisitions. Therefore, it can be predicted that Oriental Fortune will have great development space and opportunities in merger and reorganization.

According to the Action Plan of Shanghai to Support the Merger, Acquisition and Restructuring of Listed Companies (2025-2027) issued by the General Office of Shanghai Municipal People's Government, Shanghai will promote the transformation and upgrading of traditional industries, and encourage listed companies in traditional industries such as modern service industry and professional service industry, including finance and logistics, to carry out mergers and acquisitions in the same industry, upstream and downstream, and reasonably improve industrial concentration. Oriental Fortune, as the leader of securities companies, is naturally likely to become one of the beneficiaries of this policy. The policy clearly puts forward the main goal, that is, to strive to cultivate about 10 internationally competitive listed companies in key industries such as integrated circuits, biomedicine and new materials by 2027, forming a scale of 300 billion yuan of M&A transactions and activating total assets of over 2 trillion yuan. This provides opportunities for financial listed companies such as Oriental Fortune to merge and reorganize. Especially in the financial field, the policy encourages mergers and acquisitions in the same industry and upstream and downstream to enhance industrial concentration. In addition, the policy also mentions that it will accelerate the merger of securities companies and build a first-class investment bank, which further shows that securities companies such as Oriental Fortune have opportunities in mergers and acquisitions. Therefore, it can be predicted that Oriental Fortune will have great development space and opportunities in merger and reorganization.

Yesterday, Shanghai issued a new policy of mergers and acquisitions. As a voucher, Oriental Fortune will have opportunities for mergers and acquisitions.