Maigao Securities completes subordinated bond issuance to boost liquidity

Maigao Securities Company Limited, a subsidiary of Beijing Compass Technology Development Co., Ltd., recently completed a non-public issuance of subordinated bonds to professional investors. The offering, with an issuance size of 480 million yuan, carries a coupon rate of 5.00% and has a five-year term. Interest accrues from December 26, 2025, with maturity on December 26, 2030. The principal will be repaid in a single lump sum at maturity, and interest will be paid annually.

The primary purpose of the funds raised is to supplement Maigao Securities' working capital. The bonds are unsecured and will be listed for transfer on the Shanghai Stock Exchange.

As the controlling shareholder, Beijing Compass Technology Development Co., Ltd. participated in the offering, subscribing to and being allocated 60 million yuan of the bonds. No directors, senior management, or other related parties of Maigao Securities participated in this subscription.