HTSC has announced the final coupon rate for its upcoming perpetual subordinated bond issuance.

The company, Huatai Securities Co., Ltd. (referred to as the "Issuer"), received regulatory approval from the China Securities Regulatory Commission on November 13, 2025, to publicly issue perpetual subordinated bonds with a total face value of up to RMB 20 billion to professional investors.

According to the issuance announcement for the 2026 perpetual subordinated bonds (the "Series"), the bonds have a base term of 5 years, with repricing cycles of 5 years each. At the end of each cycle, the company has the option to extend the bond's term for another cycle or redeem it in full.

The initial indicated coupon rate range for the bonds was set between 1.6% and 2.6%. The final rate was to be determined through consultations between the Issuer and the lead underwriter based on the results of bookbuilding with institutional investors.

Following the bookbuilding process conducted with professional institutional investors on June 5, 2026, and after mutual agreement between the Issuer and the lead underwriter, the final coupon rate for the bond series has been set at 1.95%.

The Issuer will proceed with the issuance of these bonds to professional institutional investors via an offline placement from June 8 to June 9, 2026, using the determined coupon rate of 1.95%.