Huatai Securities guarantees subsidiary's notes, adjusts capital

Huatai Securities Co., Ltd. announced it is providing an unconditional and irrevocable guarantee for its indirect wholly-owned subsidiary, Pioneer Reward Limited, which issued two tranches of medium-term notes totaling RMB 1.7 bn and HK$ 2 bn under its existing offshore medium-term note program. The guarantee amount totals RMB 3.523 bn. Pioneer Reward Limited's asset-liability ratio exceeds 70%, and the guarantee reflects Huatai Securities' indirect 100% ownership. The company’s total external guarantees, including the current one, stand at RMB 370.40 bn, with RMB 304.42 bn attributed to its controlled subsidiaries, representing 19.32% and 15.88% of its latest audited net assets, respectively.

Concurrently, Huatai Securities has completed the industrial and commercial change registration for a reduction in its registered capital and amendments to its Articles of Association. This follows the buyback and cancellation of 438,495 shares of restricted A-shares.

The company's registered capital has changed from RMB 902,730.2281 m to RMB 902,686.3786 m. This adjustment in capital and the guarantee for its subsidiary's notes are part of the company's financial and operational management.