Credit Rating Report for Guosen Securities Co., Ltd. 2026 Public Issuance of Corporate Bonds (Phase II) for Professional Investors

Credit Rating Report for Guosen Securities Co., Ltd. 2026 Public Issuance of Corporate Bonds (Phase II)

Statement

• This rating is a commissioned rating, and China Chengxin International Credit Rating Co., Ltd. and its evaluators have no other relationships with the rating client or the rated entity that could affect the independence, objectivity, and fairness of this rating.
• This rating is based on information provided by the rated entity or officially disclosed information, as well as other information collected in accordance with regulatory requirements. China Chengxin International conducts a prudent analysis of the rating information based on relevance, timeliness, and reliability, but does not guarantee the legality, authenticity, completeness, or accuracy of the relevant information.
• China Chengxin International and project personnel have fulfilled their due diligence and integrity obligations, providing sufficient reason to ensure that this rating adheres to the principles of truthfulness, objectivity, and fairness.
• The rating conclusion in this report is an independent judgment made by China Chengxin International based on reasonable internal credit rating standards and methods, and the rating process has not been influenced by the rating client, the rated entity, or any third party.
• Any statements and judgments regarding the credit status of the rated entity in this rating report are for reference in related decision-making only and do not imply any substantive recommendation by China Chengxin International for any user to engage in investment, lending, or other transactions based on this report, nor can it serve as a basis for anyone to purchase, sell, or hold related financial products.
• China Chengxin International is not responsible for any losses incurred by any investor using the rating results described in this report, nor is it responsible for any consequences arising from the rating client or the rated entity using this report or providing it to third parties.
• The rating results take effect from the date of issuance of this rating report and are valid for the duration of the rated debt. During the validity period, China Chengxin International will conduct regular or irregular follow-up ratings of the rated entity and decide to maintain, change, suspend, or terminate the rating based on the follow-up rating situation.
• According to regulatory requirements, this rating report and rating conclusions cannot be used for the issuance of other bonds or other securities business activities. China Chengxin International assumes no responsibility for any unauthorized use of this report.

Follow-up Rating Arrangement

• In accordance with relevant regulatory provisions and the rating commission agreement, China Chengxin International will conduct follow-up ratings during the validity period of the rating results.
• China Chengxin International will monitor the risk level of the rated entity throughout the validity period of the rating results. If significant events that may affect the credit level of the rated entity occur, the rating client or the rated entity should promptly notify China Chengxin International and provide relevant materials. China Chengxin International will conduct necessary investigations on the relevant matters, analyze them in a timely manner, confirm or adjust the rating results based on the facts, and disclose information according to relevant rules.
• If the necessary materials for follow-up ratings are not provided in a timely manner or are refused, or if other regulatory conditions arise, China Chengxin International may terminate or revoke the rating.

Issuer and Rating Results

Issuer: Guosen Securities Co., Ltd.
Rating: AAA / Stable

Debt Items and Rating Results