Group 1 - The company Tianfeng Securities announced a borrowing of RMB 4 billion in subordinated debt from its controlling shareholder, Hubei Hongtai Group, with a term of 5 years and an annual interest rate of 5% [1] - The company plans to extend the debt term by one year and adjust the interest rate from 5% to 4% after the extension, based on operational development and liquidity management needs [1] - The related party transaction has been approved by the company's independent directors and subsequently by the board of directors with a unanimous vote [1]