GF Securities shareholder's exchangeable bond issuance approved for listing

GF Securities announced today that its shareholder, Liaoning Chengda Co. Ltd., which holds over 5% of its shares, has received a "no-objection letter" from the Shenzhen Stock Exchange. This letter confirms that Liaoning Chengda's non-public issuance of exchangeable corporate bonds meets the exchange's listing conditions. The letter is valid for 12 months from its issuance date.

Liaoning Chengda applied to confirm the issuance of exchangeable corporate bonds with a face value not exceeding RMB 2.8 bn, targeting professional investors. As of the announcement date, Liaoning Chengda and its concerted parties collectively hold 1,366,927,688 shares of GF Securities' A and H shares, representing 17.97% of the company's total share capital.

The company emphasizes that Liaoning Chengda's issuance of these exchangeable bonds will not result in a significant change in GF Securities' equity structure. GF Securities will continue to disclose the subsequent progress of this non-public issuance of exchangeable corporate bonds in accordance with relevant regulatory requirements.