Shenwan Hongyuan (06806) announced that on October 16, 2025, Shenwan Hongyuan Securities Co., Ltd. completed the issuance of the 2023 subordinated bonds (third phase) aimed at professional investors, achieving a total issuance scale of 2.9 billion yuan at a price of 106.194 yuan. The bonds are expected to be listed and traded on the Shenzhen Stock Exchange following the completion of registration for this issuance.