Shenwan Hongyuan (06806) announced that its subsidiary, Shenwan Hongyuan Securities Co., Ltd., recently received a no-objection letter from the Shenzhen Stock Exchange (SZSE) regarding the private placement of corporate bonds. The letter (SZSE Letter [2025] No. 1216) confirms that the issuance of up to RMB 40 billion in Shenwan Hongyuan Securities' 2025 corporate bonds targeting professional investors complies with the exchange's listing requirements. The no-objection letter remains valid for 12 months from the date of issuance.