Core Viewpoint - China Galaxy Securities Co., Ltd. has completed the issuance of its 2021 perpetual subordinated bonds, indicating a strategic move to enhance its capital structure and financial flexibility [1] Group 1: Bond Issuance Details - The bond issuance was completed on March 29, 2021, under the terms outlined in the offering memorandum [1] - The bonds have a repricing cycle of five years, allowing the issuer to extend the bond term or redeem it at the end of each cycle [1] Group 2: Redemption Decision - On the fifth interest payment date, March 29, 2026, the company has decided not to exercise its option to extend the bond term and will fully redeem the bonds [1] - The actual redemption date is set for March 30, 2026, marking the end of the first repricing cycle [1]

Core Viewpoint - China Galaxy Securities Co., Ltd. has completed the issuance of its 2021 perpetual subordinated bonds, with a decision to redeem the bonds at the end of the first repricing period instead of extending the term [1] Group 1: Bond Issuance Details - The bond issuance was completed on March 29, 2021, under the 2021 perpetual subordinated bond program [1] - The bonds have a repricing cycle of five years, allowing the issuer to either extend the term or redeem the bonds at the end of each cycle [1] Group 2: Redemption Decision - The first repricing period will end on March 29, 2026, with the actual interest payment date being March 30, 2026 [1] - The company has decided not to exercise the option to extend the bond term and will fully redeem the bonds on March 29, 2026 [1]