Guotai Junan subsidiary issues bonds with parent company guarantee

Guotai Junan Holdings Limited is issuing bonds totaling RMB 5.13 bn, with a guarantee provided by Guotai Haitong Financial Holdings Limited, a wholly-owned subsidiary of Guotai Junan Securities. The guarantee covers the principal, interest, and other payment obligations for the RMB 5 bn bond issuance dated December 11, 2025. This transaction increases the total guaranteed amount to RMB 40.44 bn, including the current bond issuance.

The bonds are being issued for general company purposes. Although Guotai Junan Holdings Limited's asset-liability ratio exceeds 70%, Guotai Junan Securities maintains 100% ownership through Guotai Haitong Financial Holdings, allowing for effective oversight of its solvency. The company's board believes this structure mitigates risk and protects shareholder interests.

As of the announcement date, the total external guarantees by Guotai Junan Securities and its subsidiaries amount to RMB 373.70 bn, representing 21.88% of the company's most recent audited net assets. There are no overdue external guarantees reported by the company or its domestic and overseas subsidiaries.