Huatai (06886) will publicly issue perpetual subordinated bonds (first tranche) to professional investors in 2026 with a coupon rate of 1.95%.

Huatai (06886) announced that Huatai Co., Ltd. (hereinafter referred to as the "issuer") publicly issued perpetual subordinated bonds with a total face value not exceeding RMB 20 billion to professional investors. On November 13, 2025, it obtained the approval of the China Securities Regulatory Commission for the registration of the issuance of perpetual subordinated corporate bonds to professional investors (Approval No. 2513 of the CSRC). According to the "Announcement of the Issuance of Perpetual Subordinated Bonds to Professional Investors by Huatai Co., Ltd. in 2026 (First Tranche)", Huatai Co., Ltd. will publicly issue perpetual subordinated bonds to professional investors in 2026 (First Tranche) with a base term of 5 years. Every 5 interest calculation years will constitute one reset period, at the end of which the company has the right to choose to extend the term of the bonds by one reset period (i.e., another 5 years) or redeem the bonds in full. The coupon rate range for this tranche of bonds is 1.6%-2.6%, and the coupon rate will be determined through negotiation between the issuer and the lead underwriter based on the results of the off-market interest rate inquiry within the specified range. On June 5, 2026, the issuer and the lead underwriter conducted an off-market interest rate inquiry with professional institutional investors. Based on the inquiry results, the issuer and the lead underwriter agreed through negotiation to set the coupon rate for this tranche of bonds at 1.95%. The issuer will conduct the off-market issuance to professional institutional investors at the above-mentioned coupon rate from June 8, 2026 to June 9, 2026.