Core Viewpoint - China Galaxy Securities Co., Ltd. has announced that it will not exercise the extension option for its 2021 perpetual subordinated bonds (second tranche) and will fully redeem the bonds on the first interest payment date of the fifth interest period, which is April 21, 2026 [1][2]. Group 1 - The company completed the issuance of the 2021 perpetual subordinated bonds (second tranche) on April 21, 2021, with a re-pricing cycle of every five years [1]. - The bonds include an issuer extension option, allowing the company to extend the bond term by one re-pricing cycle or fully redeem the bonds at the end of each re-pricing cycle [2]. - The company has decided to exercise its redemption right on April 21, 2026, opting for full repayment instead of extending the bond term [2]. Group 2 - The company will ensure proper information disclosure and management of principal and interest payments for the bonds in accordance with relevant business rules [3].