Shenwan Hongyuan Group (06806): Shenwan Hongyuan Group Securities completes issuance of RMB 1.8 billion perpetual subordinated bonds.

Shenwan Hongyuan Group (06806) announces that the issuance of Shenwan Hongyuan Group Securities Co., Ltd.'s 2026 publicly issued perpetual subordinated bonds (third tranche) to professional investors concluded on October 21, 2026. The issuance size of this tranche of bonds is RMB 1.8 billion, with a coupon rate of 1.78%. This tranche of bonds adopts a floating rate format, with simple interest calculated annually and no compound interest. The coupon rate remains unchanged for the first 5 interest calculation years and resets once every 5 years starting from the 6th interest calculation year. This tranche of bonds has each 5 interest calculation years as one repricing period. At the end of each repricing period, the issuer has the right to choose to extend the term of this tranche of bonds by 1 repricing period (i.e., extend by 5 years), or to redeem this tranche of bonds in full.