Western Securities: Approval from CSRC to issue corporate bonds totaling no more than 18 billion yuan.

Western Securities announced that it has recently received the approval from the China Securities Regulatory Commission for the public issuance of corporate bonds to professional investors. The approval allows the company to issue a total face value of up to 18 billion yuan in corporate bonds to professional investors. The issuance should be conducted according to the fundraising prospectus submitted to the Shenzhen Stock Exchange. The approval is valid for 24 months from the date of registration and the issuance can be conducted in multiple phases. Any significant events that occur before the completion of the issuance should be reported and dealt with promptly.