Changjiang Securities to issue third tranche of 2025 corporate bonds

Changjiang Securities Company Limited has received approval from the China Securities Regulatory Commission to publicly issue corporate bonds totaling no more than 200 billion yuan to professional investors in 2025. This current issuance, the third tranche under this approval, will amount to no more than 40.00 billion yuan, with two varieties: "25 Changjiang 06" (3-year maturity) and "25 Changjiang 07" (5-year maturity). The bonds will be issued at par value, without guarantees, and will feature an inter-variety callback option based on subscription.

The proceeds from this issuance, after deducting expenses, will primarily be used to repay interest-bearing debts, including 1.6 billion yuan for maturing corporate bonds and 2.4 billion yuan for maturing income certificates. The company's financial indicators meet relevant regulations, with a net asset value of 405.24 billion yuan as of June 30, 2025, and an asset-liability ratio of 64.73%. Changjiang Securities confirms that its current directors, supervisors, and senior management have no record of major violations or criminal penalties in the reporting period.