Core Points - Guangfa Securities announced that it has received notification from its major shareholder, Liaoning Chengda, regarding the completion of a non-public issuance of exchangeable bonds aimed at professional institutional investors [1] - The bonds, referred to as "25 Chengda E1," have a total scale of 1.8 billion yuan, a term of 3 years, and a coupon rate of 0.01% [1] - The initial conversion price is set at 24.58 yuan per share, with the conversion period running from May 5, 2026, to November 3, 2028, with adjustments for holidays [1]

Core Viewpoint - The company announced the completion of a non-public issuance of exchangeable bonds by a major shareholder, which indicates a strategic financial maneuver to raise capital [1] Group 1: Company Announcement - The company disclosed two announcements regarding the non-public issuance of exchangeable bonds by its major shareholder, Liaoning Chengda Co., Ltd. [1] - The first announcement was made on September 19, 2025, and the second on October 18, 2025 [1] Group 2: Bond Details - Liaoning Chengda successfully issued exchangeable bonds (Phase 1) with a total issuance scale of RMB 1.8 billion [1] - The bonds have a term of 3 years and a coupon rate of 0.01% [1] - The initial conversion price is set at RMB 24.58 per share, with the conversion period starting from May 5, 2026, to November 3, 2028 [1]

Core Viewpoint - Guangfa Securities (01776) announced that its major shareholder, Liaoning Chengda Co., Ltd., has completed the issuance of non-public exchangeable bonds aimed at professional institutional investors, with a total issuance size of RMB 1.8 billion [1] Group 1: Bond Issuance Details - The exchangeable bonds are referred to as "25 Chengda E1" with a bond code of "117242" [1] - The total issuance scale of the bonds is RMB 1.8 billion, with a maturity period of 3 years [1] - The coupon rate for the bonds is set at 0.01% [1] Group 2: Exchange Terms - The initial conversion price for the bonds is set at RMB 24.58 per share [1] - The conversion period starts from the first trading day after 6 months from the issuance date until the trading day before the bond's maturity, specifically from May 5, 2026, to November 3, 2028 [1] - If the start date of the conversion period falls on a legal holiday or weekend, it will be postponed to the next trading day [1]