Core Viewpoint - China Galaxy has successfully completed the non-public issuance of the 2025 corporate bonds (second phase) to professional investors, with the funds raised aimed at repaying maturing corporate bond principal and supplementing working capital [1][2]. Group 1: Bond Issuance Details - The issuance scale for the first type of bond (continuation issuance) is RMB 3 billion, with an issuance price of RMB 100.133 per unit and a coupon rate of 1.84%, maturing in 13 months from October 16, 2025 [1]. - The issuance scale for the second type of bond (continuation issuance) is RMB 2 billion, with an issuance price of RMB 100.219 per unit and a coupon rate of 2.05%, maturing in 25 months from October 16, 2025 [1]. Group 2: Underwriting and Subscription - The main underwriter, CITIC Securities Co., Ltd., and its affiliates participated in the subscription, with CITIC Bank Co., Ltd. and CITIC Trust Co., Ltd. acquiring RMB 170 million and RMB 180 million of the second type of bond, respectively [2]. - The affiliate of the main underwriter, Nanjing Securities Co., Ltd., also participated in the subscription, with Zijin Trust Co., Ltd. acquiring RMB 10 million of the first type of bond [2].

Core Points - China Galaxy has completed the non-public issuance of the 2025 corporate bonds (second phase) to professional investors on October 30, 2025 [1] - The issuance includes two types of bonds: Type One with a scale of RMB 3 billion and a coupon rate of 1.84%, and Type Two with a scale of RMB 2 billion and a coupon rate of 2.05% [1] - The funds raised will be used to repay maturing corporate bond principal and to supplement working capital [1] Bond Details - Type One bond has a term of 13 months starting from October 16, 2025, with an issuance price of RMB 100.133 per unit [1] - Type Two bond has a term of 25 months starting from October 16, 2025, with an issuance price of RMB 100.219 per unit [1] - The total issuance scale for both types of bonds is RMB 5 billion [1] Underwriting Participation - The main underwriter, CITIC Securities, and its affiliates participated in the subscription of the bonds, with CITIC Bank and CITIC Trust acquiring RMB 170 million and RMB 180 million of Type Two bonds, respectively [2] - Nanjing Securities, another main underwriter, had its affiliate, Zijin Trust, acquire RMB 10 million of Type One bonds [2]