Huatai Securities to guarantee subsidiary's medium-term note issuance

Huatai Securities Co., Ltd. announced its indirectly wholly-owned subsidiary, Huatai International Finance Company Limited, will issue two tranches of medium-term notes totaling $0.68 million under an existing program. The issuance is scheduled for September 9, 2025, and will be guaranteed by Huatai International, a wholly-owned subsidiary of Huatai Securities. This guarantee follows a previous mandate approved in October 2020 for a program with a maximum principal amount of $3.0 billion.

The total guaranteed amount for Huatai International Finance Company Limited, including this new issuance, will be $7.85 million. The company's total external guarantees, including those from its holding subsidiaries, amount to 375.94 million yuan as of the announcement date, representing 19.61% of Huatai Securities' latest audited net assets. The guarantees are provided to consolidate business development and fulfill working capital requirements.

Despite Huatai International Finance Company Limited's asset-liability ratio exceeding 70%, Huatai Securities maintains 100% ownership through Huatai International, allowing for close oversight of its solvency. The company stated that the guarantee risk is controllable and will not adversely affect the company or shareholder interests.