Founder Securities: Allowed to privately issue corporate bonds with a total amount not exceeding 2 billion yuan.

First Securities Announcement, the company recently received a letter from the Shanghai Stock Exchange confirming that the non-public offering of corporate bonds by First Securities Co., Ltd. to professional investors in an amount not exceeding 2 billion RMB complies with the conditions for listing transfer. The Shanghai Stock Exchange has no objections to the listing transfer of the bonds. This letter is valid for 12 months from the date of issue, and the company can issue the bonds in installments within the validity period and the above-mentioned amount, and promptly complete the procedures for the listing transfer of the bonds.