Core Viewpoint - Shenwan Hongyuan (000166)(06806) announced the completion of its public bond issuance aimed at professional investors, raising a total of RMB 6.9 billion [1] Group 1: Bond Issuance Details - The bond issuance consists of two varieties: - Variety one has an issuance scale of RMB 4.4 billion, a term of 371 days, and a coupon rate of 1.76% [1] - Variety two has an issuance scale of RMB 2.5 billion, a term of 2 years, and a coupon rate of 1.91% [1] Group 2: Listing Information - The bonds are scheduled to be listed on the Shenzhen Stock Exchange starting from September 25, 2025 [1] - Variety one will be referred to as "25申证07" with the bond code "524439" and variety two as "25申证08" with the bond code "524440" [1]

Core Points - The company, Shenwan Hongyuan, announced the completion of its bond issuance work for the fourth phase of corporate bonds aimed at professional investors, which ended on September 18, 2025 [1] - The total issuance scale of the bonds is RMB 6.9 billion, divided into two varieties: the first variety with an issuance scale of RMB 4.4 billion and a maturity of 371 days at a coupon rate of 1.76%, and the second variety with an issuance scale of RMB 2.5 billion and a maturity of 2 years at a coupon rate of 1.91% [1] - The bonds are scheduled to be listed on the Shenzhen Stock Exchange starting September 25, 2025, and will be traded among institutional investors [1] Summary by Category Bond Issuance - The total issuance scale is RMB 6.9 billion [1] - The first variety has an issuance scale of RMB 4.4 billion, a maturity of 371 days, and a coupon rate of 1.76% [1] - The second variety has an issuance scale of RMB 2.5 billion, a maturity of 2 years, and a coupon rate of 1.91% [1] Listing Information - The bonds will be listed on the Shenzhen Stock Exchange starting September 25, 2025 [1] - The first variety is referred to as "25申证07" with the bond code "524439" [1] - The second variety is referred to as "25申证08" with the bond code "524440" [1]

Core Viewpoint - The credit rating agency has reaffirmed the AAA credit rating for Shenwan Hongyuan Securities Co., Ltd., indicating strong financial stability and risk management capabilities [1] Group 1: Credit Rating - The company’s long-term credit rating is confirmed as AAA, with the same rating for the current debt issue [1] - The rating outlook is stable, suggesting no anticipated changes in the near term [1] Group 2: Company Strengths - The company benefits from a strong shareholder background and brand influence, contributing to its robust capital strength [1] - The business is diversified, which helps mitigate risks associated with market fluctuations [1] - The company has a high level of risk management, essential in the current environment of frequent external credit risks [1] Group 3: Investment Business - The company has a significant scale in proprietary investment business, primarily focused on bonds [1] - There is a need to monitor the credit risk of the company’s investment assets, especially given the recent increase in external credit risks [1]