国信证券股份有限公司2024年面向专业投资者公开发行 公司债券更名公告 2024 年 11 月 29 日，中国证券监督管理委员会以证监许可[2024]1722 号文 同意国信证券股份有限公司面向专业投资者公开发行公司债券的注册。 由于债券跨年及分期发行，按照公司债券命名惯例，征得主管部门同意，本 期债券名称由"国信证券股份有限公司 2024 年面向专业投资者公开发行公司债 券"变更为"国信证券股份有限公司 2025 年面向专业投资者公开发行科技创新公 司债券（第一期）"，债券简称"25 国证 K1"。 本期债券名称更变不改变原签订的与本期公司债券发行相关的法律文件效 力，原签署的法律文件对更名后的公司债券继续具有法律效力。前述法律文件包 括但不限于：《国信证券股份有限公司 2024 年面向专业投资者公开发行公司债券 之受托管理协议》《国信证券股份有限公司 2024 年面向专业投资者公开发行公司 债券债券持有人会议规则》。 特此说明。 （以下无正文） 1 （此页无正文，为《国信证券股份有限公司 2024 年面向专业投资者公开发行公 司债券更名公告》之盖章页 ) 限公司 国信 vv日 700 3/4 （此页无正文 ...

Group 1: US Market Insights - The core inflation in the US is expected to rise rapidly to 3.8% in Q3, primarily driven by tariffs increasing commodity prices, which suggests that current market expectations of 3.2-3.3% are overly conservative [2] - The anticipated rise in inflation is likely to lead to significant volatility in both the US stock and bond markets, prompting investors to prepare for uncertainty [2] Group 2: A-Share Market Dynamics - A-share market has shifted from sentiment-driven to performance-driven logic, with analysts revising earnings forecasts for various indices, particularly downgrading the Sci-Tech 50 while upgrading sectors like dividends, CSI 500, Shenzhen Component, and CSI 1000 [3] - The correlation between performance, low valuations, and stock prices indicates a transition in the A-share market towards earnings-driven investment strategies [3] Group 3: Hong Kong Market Outlook - The Hong Kong market is supported by continuous earnings upgrades, increasing southbound capital inflows, and a weakening US dollar index, which are all positive indicators for long-term strength [4] - The current recommendation for the Hong Kong market is to hold positions, with no further accumulation above 22,500 points [4] Group 4: Sector Recommendations - In the cloud computing sector, leading companies Tencent and Alibaba have shown strong performance in Q1, with competitive valuations and high liquidity [5] - The new consumption sector is characterized by a large young fan base and strong global expansion potential, while the pharmaceutical sector has shown significant earnings upgrades [5] - Dividend stocks, including operators, banks, and public utilities, are seen as stable performers that can effectively counter uncertainty [5] - The IPO market in Hong Kong has been impressive, with new stocks exceeding 30 billion market capitalization showing a median increase of 128% this year, suggesting opportunities in this area [5] - A focus on stocks with upgraded earnings forecasts is recommended, as the performance of the Hong Kong market is closely tied to earnings strength [5]

Fund Overview - The fund is named "Guotou Ruijin CSI All Share Public Utilities Index Fund" and is classified as an equity fund [16] - The fund operates as a contractual open-end fund [16] - The initial value of each fund share is set at 1.00 RMB [18] Fund Management and Custody - The fund is managed by Guotou Ruijin Fund Management Co., Ltd. and the custodian is China Galaxy Securities Co., Ltd. [44] Fund Offering Details - The fund's initial fundraising cap is set at 2 billion RMB, excluding interest accrued during the fundraising period [20] - The fundraising period is from June 16, 2025, to June 25, 2025 [22] - The fund is open to various investors, including individual and institutional investors, as well as qualified foreign investors [19] Subscription Classes - The fund offers two classes of shares: Class A shares, which charge a subscription fee, and Class C shares, which do not charge a subscription fee [16][26] - The subscription codes for Class A and Class C shares are 024192 and 024193, respectively [17] Subscription Process - Investors can subscribe multiple times during the fundraising period, with a minimum subscription amount of 1 RMB [11][30] - Subscription applications may be partially confirmed if the total subscription amount exceeds the fundraising cap [20][21] Interest and Share Calculation - Interest accrued on subscription funds during the fundraising period will be converted into fund shares for the holders [42] - The calculation of subscription shares is based on the net subscription amount plus interest earned [28][30] Regulatory Compliance - The fund is subject to regulatory approval and must meet specific conditions to ensure the contract's effectiveness [43] - The fund's contract will automatically terminate if the asset size falls below 20 million RMB after three years [13] Sales Channels - The fund will be sold through various sales institutions, including direct sales by Guotou Ruijin Fund Management Co., Ltd. and other securities firms [24] - Investors are encouraged to consult the sales institutions for detailed procedures and requirements [5]

Group 1 - In the first five months of 2025, a total of 43 new companies were listed in the A-share market, representing a year-on-year increase of 13.16% compared to 38 companies in the same period last year [2] - The total net fundraising amount for these 43 new listings was 24.939 billion yuan, which is a 2.13% increase from 24.418 billion yuan in the same period last year [2] - The top three underwriting institutions for IPOs were Guotai Junan, Huatai United, and CITIC Securities, each handling 5 listings [2] Group 2 - A total of 21 law firms provided legal services for the 43 new listed companies, with Shanghai Jintiancheng leading with 8 cases, followed by Beijing Zhonglun with 6 cases, and Beijing Hairun Tianrui with 3 cases [4] - In the accounting sector, 15 accounting firms provided auditing services for the new listings, with Rongcheng leading with 8 cases, followed by Lixin with 7 cases, and Zhonghui with 6 cases [4]

Core Points - The company held its 2024 Annual General Meeting on May 29, 2025, where multiple important resolutions were approved with high support from shareholders [1][2][3][4][5][6] Financial and Profit Distribution - The 2024 Financial Settlement Report was approved with a 99.9696% approval rate, indicating strong shareholder confidence in financial management [1] - The 2024 Profit Distribution Plan received a 99.9882% approval rate, reflecting shareholder endorsement of the company's dividend policy [1] Annual Report and Governance - The 2024 Annual Report and Summary were approved with a 99.9697% approval rate, showcasing transparency and governance effectiveness [1] - The 2024 Board of Directors' Work Report, Supervisory Board Work Report, and Independent Directors' Performance Report were all approved with over 99.72% support, indicating strong governance practices [1] Related Transactions and Investments - The 2024 and 2025 Annual Related Transactions were approved, involving parties such as Shenzhen State-owned Assets Supervision and Administration Commission and China Resources Shenzhen National Investment Trust, with related shareholders abstaining from voting [2] - The 2025 Self-operated Investment Quota proposal was approved with a 99.9853% approval rate, demonstrating shareholder support for the company's investment strategy [3] Audit and Subsidiary Guarantees - The proposal to reappoint the auditing firm for 2025 was approved with a 99.96% approval rate, ensuring continued oversight [4] - The guarantee proposal for the wholly-owned subsidiary, Guosen Securities (Hong Kong) Financial Holdings Co., Ltd., received 99.9842% support, indicating confidence in the subsidiary's operations [5] Participation and Voting Results - The meeting had a shareholder attendance rate of 82.1224% of the total share capital, with minority shareholders representing 4.83% [5] - All resolutions were passed with approval rates exceeding 99%, and dissenting votes accounted for less than 0.03% [5] Timeline and Impact - The network voting took place throughout the day on May 29, 2025, with the onsite meeting held at 14:30 in Shenzhen [6] - The outcomes of this shareholders' meeting will directly influence the company's financial planning, related transaction management, and investment strategies for 2025, further solidifying governance stability [6]

证券代码：002736 证券简称：国信证券 公告编号：2025-037 国信证券股份有限公司 2024 年度股东大会决议公告 其中，通过深圳证券交易所交易系统进行投票的具体时间为2025年5月29 日9:15—9:25，9:30—11:30和13:00—15:00；通过深圳证券交易所互联网投票 系统进行投票的具体时间为2025年5月29日9:15—15:00。 2、现场会议召开地点：深圳市福华一路125号国信金融大厦裙楼3楼 3、会议召开方式：现场表决与网络投票相结合的方式 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 本次股东大会未出现否决议案的情形；不涉及变更以往股东大会已通过的 决议。 一、会议召开情况 1、会议时间： （1）现场会议召开时间：2025年5月29日（周四）下午2:30 （2）网络投票时间：2025年5月29日 4、会议召集人：本次股东大会由公司董事会召集，经公司第五届董事会第 四十次会议（定期）决议召开。 5、会议主持人：董事长张纳沙女士 6、本次会议的召开符合《公司法》等相关法律、行政法规、部门规章、规 范性文件和《国信证 ...

本所律师按照律师行业公认的业务标准、道德规范和勤勉尽责精神，对公司提供 的文件和有关事实进行了核查和验证，现出具法律意见如下： 北京市天元律师事务所 关于国信证券股份有限公司 2024 年度股东大会的法律意见 京天股字（2025）第 351 号 致：国信证券股份有限公司 国信证券股份有限公司（以下简称公司）2024 年度股东大会（以下简称本次股 东大会）采取现场表决与网络投票相结合的方式，现场会议于 2025 年 5 月 29 日 （周四）下午 2:30 在深圳市福田区福华一路 125 号国信金融大厦裙楼 3 楼召开。 北京市天元律师事务所（以下简称本所）接受公司聘任，指派本所律师参加本次股 东大会并对本次股东大会现场进行见证，并根据《中华人民共和国公司法》《中华 人民共和国证券法》（以下简称《证券法》）、《上市公司股东会规则》（以下简称《股 东会规则》）以及《国信证券股份有限公司章程》（以下简称《公司章程》）等有关 规定，就本次股东大会的召集、召开程序、出席现场会议人员的资格、召集人资格、 会议表决程序及表决结果等事项出具本法律意见。 为出具本法律意见，本所律师审查了《国信证券股份有限公司第五届董事会第 三 ...

Group 1 - The essential viewpoint is that the essential consumer sector shows superior valuation cost-effectiveness, with the average valuation percentile for food and beverage, as well as agriculture, forestry, animal husbandry, and fishery over three and five years being only 15.13%/9.09% and 12.67%/9.24%, indicating potential for valuation recovery [1] - The midstream materials and manufacturing sectors, represented by automotive and machinery equipment, as well as the large financial sector represented by banks, are at historical high valuation levels, suggesting limited upward space amid volume contraction and structural adjustment [1] - Attention should be paid to certain sectors experiencing rapid short-term valuation increases, with textiles, apparel, and beauty care having current one-year average valuation percentiles exceeding 92%, indicating a significant convergence of valuation cost-effectiveness advantages [1] Group 2 - Most primary industries experienced declines this week, with TMT and large financial sectors leading the drop, particularly in computer, communication, electronics, and non-bank financials [1] - Emerging industries overall declined, with the digital economy facing the largest drop, as cloud computing and IDC fell by 3.63% and 3.5% respectively; high-end equipment manufacturing also weakened across the board, with industrial mother machines and integrated circuits dropping by 3.87% and 2.25% respectively [1] - The Shanghai Composite Index ETF (510760) tracks the Shanghai Composite Index (000001), which is compiled by the Shanghai Stock Exchange and encompasses all A-shares and B-shares listed on the exchange, effectively reflecting the overall performance of the Shanghai securities market [1]

Group 1 - The fund being launched is the "TaiKang Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhanced Securities Investment Fund" with a fundraising period from June 9, 2025, to June 24, 2025 [13][17] - The fund is classified as an equity securities investment fund and operates as a contractual open-end fund [14] - The maximum fundraising scale for the fund is set at 5 billion RMB, excluding interest accrued during the fundraising period [15][34] Group 2 - The fund will be sold through designated sales institutions, including direct sales and other sales channels [6][72] - Investors can subscribe to the fund with a minimum initial subscription amount of 1 RMB through electronic trading systems, while the minimum for direct sales at counters is 100,000 RMB [3][32] - The fund's shares will be issued at a par value of 1.00 RMB per share [20][34] Group 3 - The fund will utilize a "last day proportion confirmation" method to control the fundraising scale effectively [15][16] - If the cumulative valid subscription amount exceeds 5 billion RMB on any day during the fundraising period, the fund will end fundraising and announce the specific scale control plan [15][34] - Investors can make multiple subscriptions during the fundraising period, but once a subscription application is accepted, it cannot be revoked [30][31] Group 4 - The fund's management company is TaiKang Fund Management Co., Ltd., and the custodian is GuoXin Securities Co., Ltd. [69][71] - The fund's performance and investment strategies will be disclosed through the company's website and the China Securities Regulatory Commission's electronic disclosure platform [6][66] - Investors are encouraged to read the fund's contract, prospectus, and product information thoroughly before making investment decisions [9][66]

ETF Industry News - Major indices experienced fluctuations with the Shanghai Composite Index down 0.02%, Shenzhen Component down 0.26%, and ChiNext down 0.31. Multiple transportation sector ETFs saw gains, including the Logistics Express ETF (516530.SH) up 1.23%, Logistics ETF (516910.SH) up 1.15%, and Transportation ETF (561320.SH) up 0.93 [1] - The logistics industry is expected to maintain rapid growth in 2024, despite a decline in package value and ticket prices due to trends towards smaller packages. Rail passenger volume is projected to grow at a double-digit rate in 2024, while road freight and passenger transport will continue to increase [1] - In the ETF market, as of the end of April, the Shanghai Stock Exchange had 680 ETFs with a total market value of 2.96 trillion yuan and total shares of 1.75 trillion. The Shenzhen Stock Exchange had 467 ETFs with a total market value of 1.09 trillion yuan and total shares of 866.68 billion [3][4] - The top three brokers in terms of ETF trading volume on the Shanghai Stock Exchange in April were Huatai Securities, China Galaxy, and CITIC Securities, with market shares of 10.94%, 8.52%, and 7.94% respectively [4] - The overall performance of ETFs showed that strategy-based ETFs had the best average return of 0.43%, while thematic ETFs had the worst average return of -0.37% [11] - The top three performing stock ETFs for the day were Communication ETF (515880.SH) with a return of 1.42%, 800 Cash Flow ETF (563990.SH) with 1.37%, and 180 Governance ETF (510010.SH) with 1.24% [13] - The top three stock ETFs by trading volume were A500 ETF Fund (512050.SH) with 2.798 billion yuan, A500 Index ETF (159351.SZ) with 2.533 billion yuan, and CSI 300 ETF (510300.SH) with 2.130 billion yuan [17]