Guotai International exchangeable bond plan gets SZSE approval

Jiangsu Guotai International Group Co. announced on December 19, 2025, that it has received a "no-objection letter" from the Shenzhen Stock Exchange (SZSE) regarding its non-public offering of exchangeable corporate bonds. This confirms the proposed bonds, with a face value not exceeding 1.2 bn yuan, meet the SZSE's listing conditions for professional investors. The company's board and supervisory committee approved the proposal on August 21, 2025, followed by shareholder approval on September 10, 2025.

The exchangeable bonds will use Jiangsu Ruitai New Energy Materials Co. A-share stock as the underlying collateral. The SZSE's letter clarifies that it does not express any judgment on the investment risks or returns of these bonds and reminds the company to ensure investors meet suitability requirements.

Jiangsu Guotai International Group is required to submit the transfer and listing application documents to the SZSE within twelve months from the date of the no-objection letter. The company's board of directors will proceed with the issuance within this validity period, urging investors to be aware of the investment risks involved.