Huatai Securities (06886) announced that its wholly-owned overseas subsidiary, Huatai International Financial Holdings Limited (Huatai International), provided a guarantee for Huatai International Finance Limited (Huatai International Finance), a subsidiary of Huatai International. On October 27, 2020, Huatai International Finance established an overseas medium-term note program with a total principal amount of up to $3 billion (or equivalent other currency). On October 23, 2025, Huatai International Finance issued three tranches of medium-term notes under this program, with amounts of $30 million, $80 million, and $20 million respectively. Based on the exchange rate of USD to RMB on September 30, 2025 (1 USD = 7.1055 RMB), the total guarantee amount is approximately RMB 924 million.