According to recent announcements, CSC (06066) reported that its wholly-owned subsidiary, China Securities International Financial Holdings Limited (referred to as China Securities International or guarantor), through its indirectly wholly-owned subsidiary, CSCIF Hong Kong Limited (hereinafter referred to as the issuer or guaranteed party), established an offshore medium-term notes program with a maximum principal amount of up to USD 4 billion (or equivalent in other currencies) on April 26, 2024. Under this program, multiple note issuances have been completed.

On October 21, 2025, the issuer successfully completed a note issuance (hereinafter referred to as this note) under this program, with a term of 59 days and a principal amount of RMB 260 million. On the same day, China Securities International signed a guarantee agreement with the trustee, HSBC Hong Kong, to provide an unconditional and irrevocable joint liability guarantee for the repayment obligations of the issuer under this note (hereinafter referred to as this guarantee). The amount of this guarantee is RMB 261 million, with no counter-guarantee involved. After this note issuance, the guarantor's total obligation to the issuer amounts to RMB 10.53 billion (including this guarantee).