SF Holding plans to issue a total of RMB 10 billion in guaranteed bonds.

S.F. Holding announced on the Hong Kong Stock Exchange on September 16 that the company and the issuer entered into a subscription agreement on September 15, 2026 with the joint lead managers for the issuance and subscription of RMB 5,000,000,000 1.75% guaranteed bonds due 2029 and RMB 5,000,000,000 1.85% guaranteed bonds due 2031. Before deducting fees and commissions payable to the joint lead managers and other expenses payable in connection with this offering, the gross proceeds from the bond issuance will be approximately RMB 10 billion. The net proceeds from the bond issuance will be used by the Group for refinancing and/or general corporate purposes.