Zheng Quan Zhi Xing·2025-05-12 14:04Core Viewpoint - The report details the completion of the capital reduction registration and the amendment of the articles of association for GF Securities Co., Ltd, following the repurchase and cancellation of shares [2][4]. Group 1: Bond Issuance - GF Securities has issued multiple perpetual subordinated bonds and corporate bonds aimed at professional investors, including "22 GF Y1" (code: 149967), "22 GF Y2" (code: 148004), and "23 GF Y1" (code: 148192) among others [2][3]. - The company has planned further bond issuances for 2024 and 2025, including "24 GF Y1" (code: 148591) and "25 GF C1" (code: 524181) [3][4]. Group 2: Capital Changes - The company has completed the cancellation of 15,242,153 A shares, resulting in a reduction of registered capital by the same amount, changing the total registered capital from RMB 7,621,087,664 to RMB 7,605,845,511 [4]. - The company has obtained a new business license reflecting the updated registered capital after the cancellation of shares [4]. Group 3: Management and Oversight - Orient Securities, as the bond trustee, will continue to monitor the principal and interest repayment situations and other significant matters affecting bondholders' interests [5]. - The trustee will adhere to the regulations set forth in the "Company Bond Trustee Management Guidelines" and related agreements [5].