Shenwan Hongyuan: China Securities Regulatory Commission approved the issuance of corporate bonds with a total face value of no more than 20 billion yuan to professional investors.

Shenwan Hongyuan's evening announcement stated that the China Securities Regulatory Commission has approved Shenwan Hongyuan Securities to publicly issue corporate bonds and subordinated bonds with a total face value of no more than 20 billion yuan to professional investors. The issuance of the related bonds must strictly follow the prospectus submitted to the Shenzhen Stock Exchange. The above approval is valid for 24 months from the date of registration.