China Securities unit issues $30m note, backed by international arm

China Securities Co., Ltd. announced that its indirect wholly-owned subsidiary, CSCIF Hong Kong Limited (the "issuer"), has issued a $30 million medium-term note. The 92-day note, completed on October 22, 2025, was issued under its existing medium-term note program.

This issuance is guaranteed by China Securities International (the "guarantor"), a wholly-owned subsidiary of China Securities, through an unconditional and irrevocable joint and several liability guarantee agreement with The Hongkong and Shanghai Banking Corporation Limited.

The total outstanding guarantee amount for the issuer by the guarantor, including this latest issuance, now stands at RMB 107.46 billion. China Securities' total external guarantees, including those for its controlling subsidiaries and their controlling subsidiaries, amount to RMB 413.94 billion as of the disclosure date, representing 38.88% of the company's latest audited net assets. This transaction is within the scope of authority approved by the company's Second Board of Directors' Forty-Eighth Meeting and the 2023 First Extraordinary General Meeting.

The notes were issued to supplement overseas business operating capital. Despite the issuer's asset-liability ratio exceeding 70%, China Securities' 100% indirect equity ownership through China Securities International allows for effective monitoring of the issuer's debt repayment capabilities, ensuring controlled guarantee risk and protecting the interests of the company and its shareholders.