CICC has announced the completion of its public offering of perpetual subordinated bonds (fourth tranche) for professional investors, dated 2026. The issuance concluded on May 22, 2026, with a final issuance scale of 2 billion yuan. The coupon rate is set at 2.00%, and the subscription multiple reached 4.16 times. The lead underwriter for this bond issuance is Huatai United Securities Co., Ltd. Affiliates of the lead underwriter participated in the subscription, purchasing 170 million yuan worth of bonds. The process was conducted with fair pricing and in full compliance with regulatory procedures.