China Galaxy Securities completes RMB4bn commercial paper issuance

China Galaxy Securities Co., Ltd. announced the completion of its 2025 twenty-third tranche of short-term commercial paper issuance on September 17, 2025. This issuance, referred to as the “Commercial Paper,” has an aggregate size of RMB4 billion, with each unit valued at RMB100. The Commercial Paper carries a term of 146 days and offers a final coupon rate of 1.70%. The proceeds from this issuance are designated to supplement the company's working capital.

The issuance was executed in accordance with authorization granted to the board at the first extraordinary general meeting of 2025, held on February 17, 2025. This authorization permits the board to issue debt financing instruments up to 350% of the company's latest audited net assets. The amendment to this authorization plan was referenced in a circular dated January 23, 2025, and an announcement dated February 17, 2025.

As of the announcement date, the executive directors of China Galaxy Securities Co., Ltd. include Wang Sheng (chairman) and Xue Jun (vice chairman and president). The non-executive directors are Yang Tijun, Li Hui, Huang Yan, and Song Weigang, while the independent non-executive directors are Law Cheuk Kin Stephen, Liu Li, Ma Zhiming, and Fan Xiaoyun.