Oriental Securities: Approved for issuing subordinate bonds with a total face value not exceeding 15 billion yuan.

Oriental Securities Announcement: Recently, the company has received the approval from the China Securities Regulatory Commission on the public issuance of subordinated bonds to professional investors by Oriental Securities Co., Ltd. The approval allows the company to publicly issue subordinated bonds with a total face value not exceeding 15 billion yuan to professional investors. The issuance of subordinated bonds in this round must strictly follow the fundraising prospectus submitted to the Shanghai Stock Exchange. The approval is valid for 24 months from the date of registration, and the company may issue subordinated bonds in installments during this period.