Orient (03958) publicly issued perpetual subordinated corporate bonds to professional investors and obtained approval from the China Securities Regulatory Commission.

Orient (03958) Announcement: The company recently received the approval from the China Securities Regulatory Commission (referred to as "CSRC") for the registration of public issuance of perpetual subordinated corporate bonds to professional investors by Orient Securities Limited. The approval content is as follows: 1. Approval for the company to apply for the public issuance to professional investors of perpetual subordinated corporate bonds with a total face value not exceeding 10 billion yuan. 2. The issuance of perpetual subordinated corporate bonds in this issuance should strictly follow the prospectus submitted to the Shanghai Stock Exchange. 3. This approval is valid for 24 months from the date of registration approval, and the company can issue perpetual subordinated corporate bonds in installments during the registration validity period. 4. From the date of registration approval until the end of the issuance of this perpetual subordinated corporate bond, if the company encounters major events, it should report it in a timely manner and handle it according to relevant regulations.