CICC (03908) announced that China International Capital Corporation Limited (referred to as the "issuer," "the company," or "CICC") has received registration approval from the China Securities Regulatory Commission (CSRC Approval No. [2025]2290) to issue up to 20 billion yuan (inclusive) in perpetual subordinated bonds (the "bonds") to professional investors. The issuer will adopt a phased issuance approach for these bonds. Among them, the first tranche of perpetual subordinated bonds (the "current bonds") is set for issuance in 2025, targeting professional investors with a scale of up to 3 billion yuan (inclusive). The bonds are abbreviated as 25 CICC Y1, with a bond code of 244220.