China Galaxy: Obtain approval to publicly issue subordinated bonds with a total face value of not more than 20 billion yuan to professional investors.

Announcement from China Galaxy: Recently, the company received the approval from the China Securities Regulatory Commission regarding the public issuance of subordinated bonds by China Galaxy Securities Co., Ltd. to professional investors. The approval allows the company to publicly issue subordinated bonds with a total face value not exceeding 20 billion yuan to professional investors. This approval is valid for 24 months from the registration date, and the company can issue the subordinated bonds in installments during the registration validity period.