Guohai Securities Co., Ltd.
2026 Public Offering of Corporate Bonds for Professional Investors (Phase III)
Issuance Announcement
Sponsor/Bookrunner/Bond Trustee
GF SECURITIES CO.,LTD.
(Address: Room 618, No. 2, Tengfei 1st Street, Sino-Singapore Guangzhou Knowledge City, Huangpu District, Guangzhou City, Guangdong Province)
Date of Signing: June 2026
The company and the board of directors of the company guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Important Notes
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Guohai Securities Co., Ltd. (hereinafter referred to as "the Issuer" or "the Company") obtained the approval for the public offering of corporate bonds with a face value not exceeding RMB 10 billion from the China Securities Regulatory Commission (Document No. [2024] 1918) on December 26, 2024 (hereinafter referred to as "this Bond").
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The issuance size of this bond is no more than RMB 1.5 billion (inclusive), with a face value of RMB 100 per bond, an issuance quantity of 15 million bonds, and an issuance price of RMB 100 per bond.
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In accordance with the "Securities Law" and other relevant regulations, this bond is issued only to institutional investors among professional investors. Individual investors among ordinary investors and professional investors are not allowed to participate in the issuance and subscription. After this bond is listed, investor suitability management will be implemented, and only institutional investors among professional investors will participate in trading. Subscription or purchase transactions by ordinary investors and individual investors among professional investors will be invalid.
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According to the comprehensive rating by CCXI (Golden Credit Rating Co., Ltd.), the issuer's rating for this bond is AAA, and the issuer's main body rating is AAA, with a stable outlook. As of the end of the most recent year before the issuance and listing of this bond, the company's net assets were RMB 23.437 billion (total owners' equity as of December 31, 2025, on a consolidated basis). The asset-liability ratio (excluding entrusted funds) on a consolidated basis is 43.90%, and the asset-liability ratio (excluding entrusted funds) is 65.98%. The asset-liability ratio (excluding entrusted funds) on a parent company basis is 45.20%, and the asset-liability ratio (excluding entrusted funds) is 64.02%. The average annual distributable profit of the issuer in the last three fiscal years is RMB 0.508 billion (the average of the net profit attributable to the parent company in 2023, 2024, and 2025, which are RMB 3,269.631 million, RMB 4,283.795 million, and RMB 7,692.239 million, respectively), which is expected to be no less than 1 time the annual interest of this bond. The issuer's financial indicators before this issuance meet the relevant regulations.
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Name Change. Due to the cross-year and phased issuance, the name of this bond has been adjusted to "Guohai Securities Co., Ltd. 2026 Public Offering of Corporate Bonds for Professional Investors (Phase III)". The change in the name of this bond does not affect the validity of the legal documents originally signed in relation to the issuance of this bond. The previously signed legal documents remain legally effective for the renamed corporate bonds. The aforementioned legal documents include, but are not limited to, the "Bond Trustee Management Agreement between Guohai Securities Co., Ltd. and GF Securities Co., Ltd. for the Public Offering of Guohai Securities Co., Ltd. Corporate Bonds in 2024" and the "Rules of Bondholder Meetings for Guohai Securities Co., Ltd. 2024 Public Offering of Corporate Bonds for Professional Investors".