Following a meeting of the Board of Directors of the London Stock Exchange, it was decided to reject the Hong Kong Exchange's merger proposal. A statement from the London Stock Exchange Group said the board had many questions about the proposal and was a cause for concern. These are strategies, cost considerations and outcomes. All participants in the meeting voted against the Hong Kong Exchange proposal. Moreover, they see no point in discussing this initiative in the future. The Board of Directors considers that this transaction is strategically unprofitable on the London Stock Exchange, given the large geographical concentration and significant volume of transactions in the Hong Kong Exchange region. In addition, the proposed remuneration may not be attractive to the shareholders of the London Stock Exchange, and the situation in Hong Kong, which has been observed recently, adds a factor of uncertainty.