Huaan Securities gets CSRC approval for up to CNY10bn subordinated bond issue

Huaan Securities Co., Ltd. has announced it received approval from the China Securities Regulatory Commission (CSRC) for the public issuance of subordinated corporate bonds to professional investors. The approval permits the company to issue subordinated bonds with a total face value not exceeding CNY10 billion.

The registration approval is valid for 24 months from the CSRC's consent date, allowing Huaan Securities to issue these bonds in tranches within this period. The company must strictly adhere to the prospectus submitted to the Shanghai Stock Exchange for this issuance.

Huaan Securities must also promptly report any material events occurring from the approval date until the bond issuance completion, handling such events according to relevant regulations. The company committed to managing all aspects of this issuance in line with applicable laws, approval document requirements, and shareholder authorization, while fulfilling information disclosure obligations in a timely manner.