Huatai Securities facilitates Pioneer Reward's HKEX note listing

Pioneer Reward Limited, with Huatai Securities Co., Ltd. (HTSC) as guarantor, is listing CNY1.7bn 1.90 per cent Yulan Guaranteed Notes due 2028 (Stock Code: 85068) and HK$2bn 3.00 per cent Guaranteed Notes due 2028 (Stock Code: 5927) on the Hong Kong Stock Exchange. These notes are issued under the US$3bn Guaranteed Medium Term Note Programme. The listing is expected to become effective on September 23, 2025.

This listing follows HTSC’s recent completion of an industrial and commercial registration change, reducing its registered capital from RMB9,027.302281m to RMB9,026.863786m. This adjustment, effective September 11, 2025, resulted from the repurchase and cancellation of 438,495 Restricted A Shares under a Share Incentive Scheme. Corresponding amendments to HTSC's Articles of Association reflect these changes in registered capital and total issued shares.

The joint global coordinators, lead managers, and bookrunners for the note listing include Huatai International, Bank of China, ICBC, Standard Chartered Bank, and several other major financial institutions. Huatai Securities Co., Ltd. currently has executive directors Mr. Zhang Wei, Mr. Zhou Yi, and Ms. Wang Ying, along with several non-executive and independent non-executive directors.