GF SEC(01776) will publicly issue subordinated bonds (third series) to professional investors in 2025 at a price of 99.740 yuan.

GF SEC (01776) has announced that the public issuance of subordinated corporate bonds with a total value not exceeding 20 billion yuan (inclusive) targeting professional institutional investors has been granted registration approval by the China Securities Regulatory Commission under document number [2024] 1258. GF SEC Corporation issued its third tranche of subordinated corporate bonds to professional investors on July 18, 2025, with a term of 3 years (from July 18, 2025 to July 18, 2028) and a coupon rate of 1.85%. The terms and coupon rate of the third tranche of subordinated corporate bonds issued by GF SEC Corporation in 2025 (reissue) remain consistent with the existing bonds. The face value of the reissued bonds does not exceed 3 billion yuan (inclusive), with a face value of 100 yuan per bond. The issue price is determined through book-building. On August 15, 2025, the issuer and lead underwriter conducted a price inquiry with professional institutional investors in the primary market, with a price range of 98.800 yuan to 101.600 yuan. Based on the results of the price inquiry, the issuer and the bookrunner negotiated and agreed within the price range, setting the final issue price of the reissued bonds at 99.740 yuan. The issuer will conduct the issuance targeting professional institutional investors in the primary market from August 18, 2025 to August 19, 2025 at the above-mentioned issue price.