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]