Huatai Securities subsidiary issues notes with guarantee

Huatai International Financial Holdings Company Limited, an indirect wholly-owned subsidiary of Huatai Securities, has issued two tranches of medium-term notes totaling $0.56 million. These notes were issued under an existing medium-term note program with a total principal amount of up to $30 billion. The guarantee for this issuance is provided by Huatai International, a wholly-owned subsidiary of Huatai Securities. This brings the total outstanding guaranteed amount under the program to $12.05 million.

The issuance aims to support business development and supplement working capital. While Huatai International Financial Holdings Company Limited, the issuer, has a liability-to-asset ratio exceeding 70%, Huatai Securities maintains 100% control through Huatai International, allowing for close monitoring of its solvency.

As of the announcement date, the total outstanding guarantees by Huatai Securities and its controlling subsidiaries amount to 425.16 billion yuan, all provided to subsidiaries. Guarantees to controlling subsidiaries specifically total 339.09 billion yuan, representing 22.18% and 17.69% of the company's latest audited net assets, respectively. The company confirmed no overdue guarantees.