Macrolink Securities gets approval for private bond issuance

Macrolink Securities Co., Ltd., a subsidiary of Beijing Compass Technology Development Co., Ltd., announced it has received a "no objection letter" from the Shanghai Stock Exchange for its non-public issuance of subordinated company bonds. The letter grants approval for the bonds to be listed and transferred.

The approved issuance will target professional investors, with a total value not exceeding 480 million yuan. This "no objection letter" is valid for 12 months from its issuance date.

Macrolink Securities is now set to proceed with the relevant procedures for this non-public issuance within the stipulated validity period, adhering to applicable laws and regulations. Beijing Compass Technology Development Co., Ltd. has committed to disclose further developments as they occur.