GAC Group secures RMB 150 bn medium-term note registration

Guangzhou Automobile Group Co., Ltd. (GAC Group) announced it has successfully registered a RMB 150 billion medium-term note program with the National Association of Financial Market Institutional Investors. This registration, valid for two years, allows the company to issue technology innovation bonds. The decision to pursue this financing was approved during board and general meetings on September 12 and September 30, 2025, respectively.

The issuance will be jointly underwritten by a syndicate of prominent financial institutions, including China Merchants Bank, Industrial and Commercial Bank of China, Industrial Bank, China Everbright Bank, Bank of China, China Development Bank, China Minsheng Banking Corp., CITIC Bank, China Construction Bank, Bank of Communications, Huaxia Bank, and Shanghai Pudong Development Bank.

GAC Group will proceed with the issuance of the medium-term notes within the registered amount and validity period, in compliance with relevant laws and regulations. The company also commits to timely information disclosure regarding these issuances.