China Minsheng Banking Corp., Ltd. (01988) successfully issued 6 billion yuan in financial bonds.

China Minsheng Banking Corp., Ltd. (01988) announced that, with the approval of the People's Bank of China, China Minsheng Banking Corp., Ltd. successfully issued the "China Minsheng Banking Corp., Ltd. 2025 Financial Bonds (Second Tranche)" in the national interbank bond market, and completed the registration and custody of the bonds at the China Central Depository & Clearing Co., Ltd. The bonds were book-built on December 2, 2025, and issued on December 4, 2025. The issuance size was RMB 6 billion, with a floating interest rate for a 3-year term. The interest will be paid at a predetermined fixed rate every 3 months from the issuance payment deadline within each interest adjustment period. The bond's interest rate includes a benchmark rate and a fixed spread. The benchmark rate for the first interest calculation period was the 1-year loan market quoted interest rate announced on November 20, 2025, and for subsequent interest payments, the benchmark rate will be the newly announced 1-year LPR before the last interest payment date. The interest rate for the first interest calculation period of this bond is 1.88%. The proceeds from this bond issuance will be used, subject to applicable laws and regulatory approvals, to meet the Bank's asset-liability management needs, enhance funding sources, optimize the liability maturity structure, and promote the stable development of the business.