GF Securities shareholder finishes first tranche of exchangeable bond issuance

GF Securities announced that its shareholder, Liaoning Chengda Co., Ltd., holding over 5% of its shares, has completed the private placement of exchangeable corporate bonds (Tranche 1). This issuance has a total size of RMB 1.8 billion with a three-year term and a coupon rate of 0.01%.

The initial conversion price for these bonds is RMB 24.58 per share. The conversion period will begin six months after the issuance completion date, on the first trading day, and will run until the trading day preceding the maturity date. This period is scheduled from May 5, 2026, to November 3, 2028.

GF Securities will continue to disclose the progress of Liaoning Chengda's privately placed exchangeable corporate bonds in accordance with regulatory requirements.