Credit Rating Report for Northeast Securities Co., Ltd. 2026 Public Issuance of Short-term Corporate Bonds (Phase II)

Joint Credit Rating Report No. 1276 (2026)

Joint Credit Rating Co., Ltd. has conducted a comprehensive analysis and assessment of the credit status of Northeast Securities Co., Ltd. and its proposed public issuance of short-term corporate bonds (Phase II) aimed at professional investors in 2026. The long-term credit rating for Northeast Securities Co., Ltd. is determined to be AAA, and the credit rating for the 2026 public issuance of short-term corporate bonds (Phase II) is A-1, with a stable rating outlook.

This announcement is hereby made by the Director of Ratings at Joint Credit Rating Co., Ltd.: May 29, 2026.

Statement

This report is an independent opinion statement made by Joint Credit Rating based on its rating methods and procedures as of the date of publication, and is not influenced by any institution or individual. The rating conclusions and related analyses are forward-looking views expressed by Joint Credit Rating based on relevant information and materials regarding the rated entity, rather than factual statements or verification opinions about the rated entity. Joint Credit Rating has sufficient reason to ensure that the rating report issued adheres to the principles of authenticity, objectivity, and fairness. Given the nature of credit rating work and the influence of objective conditions, this report has limitations in terms of data information acquisition, rating methods and models, and future event prediction assessments.
This report is issued by Joint Credit Rating at the request of Northeast Securities Co., Ltd. (hereinafter referred to as "the Company"). Except for the rating engagement relationship formed by this rating matter, there are no relationships between Joint Credit Rating, the rating personnel, and the Company that would affect the independence, objectivity, and fairness of the rating behavior.
The materials cited in this report are mainly provided by the Company or relevant third parties. Joint Credit Rating has fulfilled necessary due diligence obligations but does not guarantee the authenticity, accuracy, and completeness of the cited materials. Joint Credit Rating reasonably relies on professional opinions issued by other professional institutions but does not assume any responsibility for the professional opinions provided by these institutions.
The credit rating results of this report are only applicable to this bond issuance (phase) and are valid for the duration of this bond issuance (phase); according to the conclusions of the tracking rating, the rating results may change within the validity period. Joint Credit Rating reserves the right to adjust, update, terminate, or revoke the rating results.
The rating conclusions and related analyses contained in this report do not constitute any investment or financial advice and should not be regarded as recommendations or guarantees for the purchase, sale, or holding of any financial products.
This report cannot replace the professional judgment of any institution or individual, and Joint Credit Rating is not responsible for any losses incurred by any institution or individual due to the use of this report and the rating results.
The copyright of this report belongs to Joint Credit Rating. Without written authorization, it is strictly prohibited to reproduce, reprint, sell, publish, or store any content of this report in any form/method in databases or retrieval systems.
Any institution or individual using this report is deemed to have fully read, understood, and agreed to the terms of this statement.