Guangzhou Development announces redemption of 2025 SCP002

Guangzhou Development Group Inc. has announced the redemption of its 2025 second tranche of super short-term commercial paper, "25 Guangzhou Development SCP002," with bond code 012580642.IB. The bond, issued on March 13, 2025, had an original term of 260 days and an interest rate of 2.03%. The total outstanding amount for this tranche is RMB 1 billion.

The principal and interest payment date is scheduled for November 28, 2025. The total amount to be repaid is RMB 1,014,460,273.97. Funds will be transferred to bondholders' accounts via the interbank market clearing house.

For inquiries, bondholders can contact Guangzhou Development Group Inc. at 020-37850365, or the bond's duration management institution, China Merchants Bank Co., Ltd., at 0755-88026140. The registration and clearing agency, National Interbank Funding Center, can also be reached at 021-23198888 or 021-23198682.