Guangfa Securities Co., Ltd.
(Address: Room 618, Tengfei 1st Street, Sino-Singapore Guangzhou Knowledge City, Huangpu District, Guangzhou City, Guangdong Province)
(Stock Code: 广发证券, 000776.SZ, 1776.HK)
2026 Public Offering of Corporate Bonds to Professional Investors (Phase VI)
Issuance Announcement
Lead Underwriter/Bookrunner/Bond Trustee
Orient Securities
(Address: Orient Securities Building, 119 Zhongshan South Road, Huangpu District, Shanghai)
Joint Lead Underwriters
Guotai Haitong Securities Co., Ltd.
(Address: No. 618, Shangcheng Road, China (Shanghai) Pilot Free Trade Zone)
CITIC Securities Company Limited
(Address: Block A, Phase II, Excellence Times Square, 8 Fuhua 3rd Road, Futian District, Shenzhen City, Guangdong Province)
Huatai United Securities
(Address: Unit 401, Building B7, Qianhai Shenzhen-Hong Kong Fund Town, No. 128 Guiwan Fifth Road, Nanshan Street, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen City)
Sinolink Securities
(Address: No. 95 Dongchenggen Street, Qingyang District, Chengdu City)
July 1, 2026
The company and the board of directors of the company guarantee the authenticity, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
Important Matters Notice
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Guangfa Securities Co., Ltd. (hereinafter referred to as the "Issuer" or the "Company") obtained approval from the China Securities Regulatory Commission (Document No. "Zhengjian Xu Ke [2026] No. 100") on January 19, 2026, to publicly issue corporate bonds totaling no more than RMB 70 billion (inclusive) to professional investors (hereinafter referred to as the "Bonds").
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This tranche of bonds is referred to as "26 Guangfa 12" for the first tranche, with bond code "524889", and "26 Guangfa 13" for the second tranche, with bond code "524890". The face value of each bond is RMB 100, and the issuance size does not exceed 60 million shares (inclusive). The issuance price is RMB 100 per share. The total issuance size of this tranche of bonds shall not exceed RMB 6 billion (inclusive).
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In accordance with the "Securities Law" and other relevant regulations, this tranche of bonds is issued only to institutional investors among professional investors. Retail investors and individual investors among professional investors are not permitted to participate in the issuance and subscription. After the bonds are listed, investor suitability management will be implemented. Only institutional investors among professional investors will participate in trading. Subscription or purchase transactions by retail investors and individual investors among professional investors will be invalid.
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According to the comprehensive rating by China Chengxin International Credit Rating Co., Ltd., the rating for this tranche of bonds is AAA, and the issuer's rating is AAA. As of the end of December 2025, the Company's net assets were RMB 1,624.58 billion (total owner's equity in the consolidated financial statements as of the end of 2025), with a consolidated asset-liability ratio of 78.28% and a parent company asset-liability ratio of 78.17%. The average annual net profit attributable to the parent company over the last three fiscal years was RMB 10.105 billion (the average of RMB 6.978 billion, RMB 9.637 billion, and RMB 13.702 billion in net profit attributable to the parent company in the consolidated financial statements for 2023, 2024, and 2025, respectively), which is expected to be no less than 1 times the annual interest of this tranche of bonds. The issuer's financial indicators meet the relevant requirements prior to this issuance.