Orient Securities guarantees $300m bond for overseas subsidiary

Orient Securities Company Limited has entered into a guarantee agreement to back a $300 million, three-year floating interest rate bond issuance by its indirectly wholly-owned overseas subsidiary, Orient ZhiSheng Limited. This guarantee aims to reduce financing costs and ensure debt repayment security for the subsidiary, which maintains a debt-to-asset ratio exceeding 70%. The company holds 100% control over Orient ZhiSheng Limited, allowing for close monitoring of its solvency and mitigating potential risks associated with the guarantee.

This guarantee falls within the scope of the company's 2025 annual external guarantee forecast, approved by the board of directors on March 28, 2025, and by shareholders on May 23, 2025. The total new guarantee amount for wholly-owned subsidiaries with a debt-to-asset ratio over 70% is capped at 10% of the company's latest audited net assets.

As of the disclosure date, Orient Securities and its holding subsidiaries' total external guarantees amount to 16.984 billion yuan, all extended to wholly-owned subsidiaries. This figure represents 20.87% of the company's latest audited net assets. The company reports no overdue guarantees from itself or its holding subsidiaries.