GF SEC(01776)2025 will publicly issue subordinated bonds (fifth series) with a face interest rate of 2.00% for professional investors.

GF SEC (01776) announces that GF SEC Co., Ltd. (hereinafter referred to as the "Issuer") has obtained the approval of the China Securities Regulatory Commission for the public issuance of subordinated corporate bonds with a total face value not exceeding 20 billion yuan (inclusive) targeting professional institutional investors (document number [2024] 1258). The issuance of subordinated bonds by GF SEC Co., Ltd. to professional investors in 2025 (fifth tranche) (hereinafter referred to as "this Bond") is the sixth issuance under the aforementioned approval, with a planned issuance size not exceeding 3 billion yuan (inclusive). On November 17, 2025, the Issuer and the lead underwriter conducted a coupon rate inquiry for professional institutional investors in the offline market, with a rate range of 1.60% - 2.60%. Based on the inquiry results with professional investors in the offline market, the Issuer and the bookrunner, in accordance with relevant regulations, unanimously negotiated within the rate range and finally determined the coupon rate for this Bond (Bond name: "25 GF C7", Bond code: 524544) to be 2.00%.