Core Insights - DBS Bank (China) has obtained the general underwriter qualification for non-financial corporate debt financing instruments in the Chinese interbank bond market, allowing it to engage in all categories of debt financing tool underwriting [1][3] - This qualification upgrade signifies that DBS Bank (China) has comprehensive coverage of mainstream bond types, establishing a solid foundation for deep participation in China's multi-tiered bond market and serving both domestic and international issuers and investors [1][3] Company Developments - The President and CEO of DBS Bank (China), Zheng Sizhen, stated that the Chinese bond market is entering a new stage of high-quality development, with the market size remaining the second largest globally and institutional openness continuing to deepen [1][3] - Zheng emphasized that the qualification is not only recognition of the bank's long-term commitment to the Chinese financial market but also a crucial support for facilitating cross-border capital flows and promoting bilateral openness [1][3] - Since 2012, DBS Bank (China) has been active in the Chinese debt capital market and credit bond investment sector, focusing on specific niche markets and maintaining a leading advantage in these areas [1][3] Market Position - From 2021 to 2024, DBS Bank (China) ranked first among foreign underwriters in terms of the number of issuances of panda bonds for sovereign, supranational, and national institutions [1][3] - In January 2024, DBS Bank (China) became the first Southeast Asian bank to obtain the underwriting qualification for non-financial corporate debt financing instruments, further enhancing its position in the market [4] - By the end of 2025, DBS Bank was authorized by the People's Bank of China to act as the RMB clearing bank in Singapore and was approved to participate in the over-the-counter business of the Chinese interbank bond market, improving the efficiency for foreign investors entering the Chinese bond market [4]

Core Viewpoint - The company has received approval to conduct general underwriting business for non-financial corporate debt financing instruments in the interbank bond market, as announced by the China Interbank Market Dealers Association [1] Group 1 - The company will establish a dedicated department for underwriting business in accordance with relevant regulations [1] - The company plans to equip this department with specialized personnel to ensure effective operation [1] - The company aims to enhance its business procedures, risk management, and internal control systems to standardize its underwriting activities [1]

Group 1: Collaboration with Shareholders - The company actively collaborates with China Huaneng and its subsidiaries, focusing on five key areas: debt management, equity financing, capital market operations, high-quality development, and new industry development [1][2] Group 2: Debt Financing Qualifications - In 2024, the company obtained the qualification to act as the lead underwriter for non-financial corporate debt financing instruments, further enhancing its bond market service capabilities [2] - In March 2025, the company achieved independent lead underwriting qualifications for non-financial corporate debt financing instruments, facilitating resource integration between exchange and interbank markets [2] Group 3: Innovation and Service Models - The company has established the "Science and Technology Innovation Financial Port," focusing on the needs of small and medium-sized technology enterprises within the China Huaneng industrial chain [3] - Currently, the company has a reserve of 432 enterprises in the Huaneng industrial chain, has reached out to 174 enterprises, and invited 40 enterprises to join the port, successfully promoting multiple financial cooperation projects [3] Group 4: Research Institute Objectives - The company's Industrial Finance Research Institute aims to enhance research capabilities across various sectors, including energy, technology, high-end manufacturing, and new consumption, while establishing a leading position in energy industry research [4] - The institute focuses on market orientation and customer-centric approaches to become a mainstream research institution in the sell-side research market [4]