Huatai (06886) completes the issuance of RMB1.9 billion perpetual subordinated bonds.

Huatai (06886) has announced that Huatai Co., Ltd. (hereinafter referred to as the "Issuer")'s public issuance of perpetual subordinated bonds with an aggregate face value of no more than RMB 20 billion to professional investors (hereinafter referred to as the "Bonds") was approved by the China Securities Regulatory Commission on November 13, 2025, pursuant to the "Reply on Approving the Registration of Huatai Co., Ltd.'s Public Issuance of Perpetual Subordinated Corporate Bonds to Professional Investors" (CSRC Permit [2025] No. 2513). According to the "Huatai Co., Ltd. 2026 Public Issuance of Perpetual Subordinated Bonds to Professional Investors (Second Tranche) Issuance Announcement," Huatai Co., Ltd.'s 2026 public issuance of perpetual subordinated bonds to professional investors (Second Tranche) (hereinafter referred to as the "Current Tranche Bonds") has a base term of 5 years, with each 5 interest accrual years constituting 1 repricing period. At the end of each repricing period, the Company has the right to choose to extend the term of the Current Tranche Bonds by 1 repricing period (i.e., an extension of 5 years), or to redeem the Current Tranche Bonds in full. The coupon rate inquiry range for the Current Tranche Bonds is 1.3%-2.3%, the issuance price is RMB 100 per bond, and the issuance is conducted through public offering to professional institutional investors. The issuance of the Current Tranche Bonds was completed on September 21, 2026. The final issuance size of the Current Tranche Bonds is RMB 1.9 billion, the coupon rate is 1.85%, and the subscription multiple is 4.77 times.