Core Points - The company has successfully completed the issuance of short-term corporate bonds for professional investors, with a total issuance amount of up to RMB 200 billion approved by the Shenzhen Stock Exchange [1] - The fifth phase of the bond issuance amounted to RMB 36 billion, divided into two varieties with different terms and interest rates [1] - The fourth phase of the bond issuance was completed with a total amount of RMB 39 billion, also divided into two varieties, and is set to be listed on the Shenzhen Stock Exchange [3] Summary by Category Bond Issuance - The fifth phase of the bond issuance includes two varieties: the first with an issuance scale of RMB 10 billion, a term of 181 days, and a coupon rate of 1.71%; the second with an issuance scale of RMB 26 billion, a term of 243 days, and a coupon rate of 1.75% [1] - The fourth phase of the bond issuance consists of two varieties: the first with an issuance scale of RMB 8 billion, a term of 186 days, and a coupon rate of 1.70%; the second with an issuance scale of RMB 31 billion, a term of 242 days, and a coupon rate of 1.75% [3] Listing Information - The fifth phase bonds are expected to be listed and traded on the Shenzhen Stock Exchange after registration [1] - The fourth phase bonds are scheduled to be listed on the Shenzhen Stock Exchange starting from August 29, 2025, with specific trading codes assigned to each variety [3]

Core Viewpoint - Shenwan Hongyuan Securities Co., Ltd. has been approved to issue short-term corporate bonds totaling up to RMB 20 billion, with the first phase of issuance completed at RMB 3.6 billion [1] Group 1: Bond Issuance Details - The company completed the issuance of the fifth phase of short-term corporate bonds on August 29, 2025, targeting professional investors [1] - The total issuance scale for this phase is RMB 3.6 billion, divided into two varieties: - Variety one has an issuance scale of RMB 1 billion, with a term of 181 days and a coupon rate of 1.71% - Variety two has an issuance scale of RMB 2.6 billion, with a term of 243 days and a coupon rate of 1.75% [1] - The bonds are set to be listed and traded on the Shenzhen Stock Exchange after registration [1]

Group 1 - The company has announced the issuance of short-term corporate bonds amounting to a total face value of up to RMB 20 billion for its subsidiary, Shenwan Hongyuan Securities Co., Ltd. [1] - The issuance of the fifth phase of short-term corporate bonds has been completed, with a total issuance scale of RMB 3.6 billion, divided into two varieties [2] - The first variety has an issuance scale of RMB 1 billion, with a term of 181 days and a coupon rate of 1.71%, while the second variety has an issuance scale of RMB 2.6 billion, with a term of 243 days and a coupon rate of 1.75% [2]