Guotai Haitong Began to See "1+1>2" Synergy in 2025 Results

HONG KONG, March 31, 2026 /PRNewswire/ -- On 31 March, Guotai Haitong Securities Co., Ltd. (referred to as "the Company") held 2025 Annual Results Announcement in Hong Kong. Chairman Zhu Jian, President Li Junjie, and certain senior management members attended the meeting to present the Company's 2025 annual results and engage in thorough discussions with investors on topics such as building a first-class investment bank, unlocking merger synergies, future strategic planning, and international business layout. The meeting was chaired by Nie Xiaogang, Vice President, Chief Risk Officer and Secretary to the Board of the Company.

The meeting began with a presentation of the Company's operating results for FY2025. Over the past year, as the largest A+H bilateral market merger by absorption in the history of China's capital market, the Company efficiently completed the transaction closing and orderly advanced the post-merger integration. Building on the stronger capabilities and resource endowment following the merger, the Company actively served the major development strategies of the country and Shanghai, diligently advanced the "Five Key Essays of Finance" (namely Sci-Tech Finance, Green Finance, Inclusive Finance, Pension Finance, and Digital Finance) and focused on improving the quality and efficiency of operation and management. The Company achieved historic highs in both asset scale and operating performance, initially achieving "1+1>2" synergy. In 2025, the Company's total assets at the end of the year reached RMB2.11 trillion, up by 102% from the end of 2024, and its net assets attributable to the parent were RMB330.4 billion, up by 93% from the end of 2024, both ranking first in the industry, demonstrating more robust and stronger capital strength. The Company achieved operating revenue of RMB63.1 billion, up by 87% year-on-year; net profit attributable to the parent of RMB27.8 billion, a year-on-year increase of 114%, and net profit attributable to the parent excluding non-recurring gains and losses of RMB21.4 billion, a year-on-year increase of 72%. Multiple business indicators, including brokerage, credit, investment banking, and institutional services, ranked first in the industry, demonstrating more professional and comprehensive service capabilities. The Company maintained the highest international credit rating among Chinese securities firms, its MSCI ESG rating remained the highest among global peers of AAA, and it received the highest rating in the industry's corporate culture development practice assessment for 5 consecutive years. It was also successfully included in major indices such as the CSI A500, SSE 50, FTSE China A50, and FTSE China 50, reflecting more intensive and efficient operational management.

Furthermore, the meeting outlined the company's dividend distribution plan for 2025. The company has been highly committed to delivering returns to shareholders, consistently maintaining a high proportion and high frequency of dividend payments. The company has implemented an interim dividend payment for the second consecutive year, and the proposed annual cash dividend is 5 yuan per 10 shares, totaling RMB8.8 billion yuan in cash dividends. Combined with RMB1.2 billion yuan spent on share repurchases during the year, the total return to shareholders amounts to 10 billion yuan, which represents 47% of the annual net profit attributable to the parent excluding non-recurring gains and losses, keeping the dividend payout ratio at a relatively high level.

Zhu Jian provided an outlook on the Company's development plan during the "15th Five-Year Plan" period. He pointed out that the "15th Five-Year Plan" period is a critical stage for advancing Chinese-style modernization and accelerating the building of China into a leading financial powerhouse, as well as a pivotal period for comprehensively deepening capital market reforms and expediting the cultivation of first-class investment banks. Standing at a new starting point and embarking on a new journey, the Company has formulated a new three-year strategic plan (2026-2028). This plan clarifies the strategic goal of achieving "comprehensive domestic leadership and outstanding international characteristics", striving to become a leader in comprehensive strength, a pioneer in innovation and transformation, and a model for fulfilling its functions within the domestic securities industry, and to be at the international forefront in terms of strategic capabilities, professional standards, corporate governance, compliance and risk control, talent pool, and corporate culture. Looking ahead, the Company will remain anchored to its vision of "becoming a first-class investment bank with international competitiveness and market leadership". It will keep in mind its role and positioning as a "leading institution", closely adhere to the main line of serving national strategies and the real economy, seize the opportunities presented by the comprehensive deepening of capital market reforms, actively deliver on the "Five Key Essays of Finance", and strive to serve as a "service provider" for direct financing, a "gatekeeper" of the capital market, and a "manager" of social wealth, thereby contributing even more to Chinese-style modernization and the building of China into a leading financial powerhouse.

Li Junjie introduced the specific development initiatives of the Company for 2026. He stated that this year marks the first year of the "15th Five-Year Plan" and a crucial year for the Company to launch its new three-year strategic plan and deepen its integrated development. Guided by the new three-year plan and with high-quality development as its main focus, the Company will seize market opportunities, continue to unlock the integration synergies, and strive to enhance its core business capabilities and overall profitability. In terms of integration, first, the Company will accelerate the integrated development of its subsidiaries by strengthening overall planning and expediting the finalization and implementation of relevant plans. Second, it will continue to unlock the integration synergies of the parent company by steadily and orderly migrating users on client-side APPs, and by making solid progress in areas such as unlocking potential, enhancing value, and reducing costs through consolidation. In terms of operational management, first, the Company strive to make new achievements in promoting the customer service system construction, fully seizing market opportunities to promote the realization of incremental expansion, quality improvement, and efficiency enhancement in customer operations; second, the Company strive to achieve new breakthroughs in promoting cross-border integration, better coordinating domestic and overseas resources to enhance international operational capabilities; third, the Company strive to deliver new results in promoting intelligent applications, accelerating the implementation of scenario-based applications to empower integrated operations through platforms.

This meeting was the Company's first annual results announcement since the merger and was held in a hybrid format combining an on-site meeting with a webcast. It attracted investors and analysts from nearly 100 renowned institutions, including JP Morgan, Citigroup, UBS, Bank of America, Abu Dhabi Investment Authority, AXA and CITIC Securities. The meeting was open to all domestic and overseas investors through a bilingual (Chinese and English) live broadcast, garnering widespread attention, which further enhanced the Company's global investor coverage and international brand influence.

CONTACT: Kelly Fung, kelly.fung@pordahavas.com

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Guotai Haitong Began to See "1+1>2" Synergy in 2025 Results

EL DORADO HILLS, Calif. and SINGAPORE, March 31, 2026 /PRNewswire/ -- Blaize Holdings, Inc. (Nasdaq: BZAI, Nasdaq: BZAIW) ("Blaize"), a global leader in programmable, energy efficient AI computing, today announced the next phase of its collaboration with Nokia regarding joint validation and ecosystem engagement across Asia Pacific.

Blaize and Nokia are progressing their collaboration through the Nokia Network Innovation Lab in Singapore, designed to support the development, integration, and validation of hybrid AI infrastructure solutions combining Blaize's AI platform with Nokia's networking and infrastructure capabilities.

As part of this next phase, the companies are advancing a joint reference architecture — a pre-integrated, validated solution framework that combines Blaize's AI platform with Nokia's networking and infrastructure capabilities. The reference is intended to support real-world deployment scenarios across edge and data center environments, providing a foundation for evaluation, integration, and ecosystem collaboration.

The collaboration will be highlighted at GITEX Asia 2026 (April 9–10, Singapore), where Blaize and Nokia will jointly showcase their combined capabilities through demonstrations, ecosystem engagement, and participation in industry discussions focused on next-generation AI infrastructure.

The joint engagement at GITEX Asia is expected to include:

• Joint solution showcase, demonstrating hybrid AI deployments across edge and data center environments
• Innovation Lab introduction, outlining the framework for ongoing validation and ecosystem collaboration
• Joint thought leadership participation, including panel discussions on AI infrastructure and edge computing
• Engagement with enterprises, governments, cloud service providers, and data center operators across Asia-Pacific

These initiatives are part of ongoing engagement efforts to evaluate how hybrid AI architectures can be applied to real-world environments where latency, power efficiency, and scalability are critical.

"This next phase reflects continued progress in our collaboration with Nokia across Asia-Pacific," said Joseph Sulistyo, Senior Vice President of Corporate Marketing at Blaize. "Through the Innovation Lab and joint solution efforts, we are focused on validating how hybrid AI infrastructure can support real-world applications and enable scalable deployment models across the region."

"Our collaboration with Blaize continues to evolve as we engage with customers and ecosystem partners across Asia-Pacific," said Dion Leung, Head of AI and Cloud, Asia Pacific at Nokia. "By combining networking infrastructure with AI inference platforms, we are exploring new approaches to support AI workloads across distributed environments."

Learn more at: https://www.blaize.com/blog/events/gitex-asia-2026/

About Blaize

Blaize delivers a programmable AI platform, purpose-built for inference in real world environments. Its Hybrid AI architecture enables Practical AI and Physical AI workloads to run efficiently at the edge while integrating seamlessly with cloud and GPU based infrastructure. Blaize solutions support computer vision, multimodal AI, and sensor driven applications across smart cities, industrial automation, telecommunications, retail, logistics, and defense. Blaize is headquartered in El Dorado Hills, California, with a global presence across North America, Europe, the Middle East, and Asia.

Cautionary Statement Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act") that are based on beliefs and assumptions and on information currently available to Blaize, including statements regarding the expected scope of the engagement with Nokia and any potential definitive agreements related thereto; the industry in which Blaize operates, market opportunities, and product offerings. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) failure to realize the anticipated benefits of Blaize's business combination with BurTech Acquisition Corp., which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; and (iii) those factors discussed under the heading "Risk Factors" in our Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 24, 2026, our and other documents filed by Blaize from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Blaize assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. Blaize does not give any assurance that it will achieve its expectations.

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Blaize and Nokia Advance Collaboration with Joint AI Solution Showcase at GITEX Asia