Western Securities Co., Ltd. 2026 Public Offering of Corporate Bonds for Professional Investors (Phase IV) Issuance Announcement

The issuer and the board of directors of Western Securities Co., Ltd. guarantee the truthfulness, accuracy, and completeness of the information contained in this announcement, and are jointly and severally liable for any false representations, misleading statements, or material omissions.

Important Notes

1. On January 21, 2026, the issuer obtained approval from the China Securities Regulatory Commission (CSRC) (Securities Regulatory Permit [2026] No. 123) to issue corporate bonds with a face value not exceeding RMB 18 billion (inclusive) to professional investors. This issuance will be conducted in tranches and completed within 24 months from the date of CSRC approval. The total issuance amount for this tranche shall not exceed RMB 1.5 billion (inclusive).

2. The short name for this bond is "26 Western 04", and the bond code is "524911". The issuance size is no more than RMB 1.5 billion (inclusive), with a face value of RMB 100 per bond. The issuance price is RMB 100 per bond.

3. This bond issuance will adopt a private placement method based on inquiry with professional institutional investors and book-building. In accordance with the "Administrative Measures for the Issuance and Trading of Corporate Bonds" (2023 Revision), the "Measures for Investor Suitability Management", and the "Measures for Investor Suitability Management in the Shenzhen Stock Exchange Bond Market" (2023 Revision), and relevant laws and regulations, this bond is exclusively for professional institutional investors. Retail investors and individual professional investors are not permitted to subscribe. After listing, this bond will be subject to investor suitability management, and only institutional investors among professional investors will be permitted to trade. Transactions by retail investors and individual professional investors will be invalid.

4. According to the "Credit Rating Report for Western Securities Co., Ltd. 2026 Public Offering of Corporate Bonds for Professional Investors (Phase IV)" (Union [2026] No. 5389) issued by United Credit Ratings Co., Ltd., the issuer's主体 (entity) credit rating is AAA, with a stable outlook. The credit rating for this bond is AAA. During the term of this bond, the credit rating agency will conduct an annual review of the company's entity credit rating and the bond's credit rating.

5. Upon completion of this issuance, the company will promptly apply to the Shenzhen Stock Exchange for the listing and trading of this bond. This bond meets the listing requirements of the Shenzhen Stock Exchange, and trading methods include matched trades, click-to-trade, inquiry-based trades, competitive bidding, and negotiated trades. However, prior to the listing of this bond, significant changes may occur in the issuer's financial condition, operating performance, cash flow, or credit rating. The issuer cannot guarantee that the listing application for this bond will be approved by the Shenzhen Stock Exchange. If the bond cannot be listed at that time, investors may choose to sell it back to the company. The issuer shall not be liable for investment risks and liquidity risks arising from changes in the issuer's operating conditions and revenues. This bond cannot be listed on any trading venue other than the Shenzhen Stock Exchange.

6. The term of this bond is 2 years.

7. Credit enhancement measures: This bond is an unsecured bond.

8. The indicative interest rate range for this bond is 1.20%-2.20%. The issuer and the lead underwriter will conduct interest rate inquiries with investors on July 22, 2026 (T-1 day) and determine the final bond interest rate based on the inquiry results. The issuer and the lead underwriter will announce the final bond interest rate on the Shenzhen Stock Exchange website (http://www.szse.cn) and the CNI Network (http://www.cninfo.com.cn) on July 22, 2026 (T-1 day). Investors are advised to pay attention.