Credit Rating Announcement
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China Lianhe Credit Rating Co., Ltd., through its tracking analysis and evaluation of the credit status of Huaxi Securities Co., Ltd. and its related bonds, has determined to maintain Huaxi Securities Co., Ltd.'s long-term corporate credit rating at AAA. The ratings for "23 Huagu 03," "24 Huagu 01," "24 Huagu 02," "24 Huagu 03," "24 Huagu 04," "25 Huagu 01," "25 Huagu 02," "26 Huagu 01," "26 Huagu 02," and "26 Huagu 03" are maintained at AAA. The rating for "25 Huagu K1" is maintained at AAAsti, with a stable rating outlook.
This announcement is hereby made.
Signature: [blank] Director of Rating: [blank] Date: June 18, 2026
Add: 17/F, PICC Building, 2, Jianguomenwai Street, Beijing PRC:100022 Address: 17/F, PICC Building, 2, Jianguomenwai Street, Chaoyang District, Beijing, Postal Code: 100022 Tel: (010) 85679696 | Fax: (010) 85679228 | Email: lianhe@lhratings.com
Statement
I. This report is an independent opinion statement issued by Lianhe Credit based on its rating methodology and procedures as of the date of issuance, and is not influenced by any institution or individual. The rating conclusions and related analyses are forward-looking opinions expressed by Lianhe Credit based on relevant information and data, not factual statements or attestations regarding the rated entity. Lianhe Credit has sufficient reason to guarantee that the rating report issued adheres to the principles of truthfulness, objectivity, and fairness. Given the nature of credit rating work and its susceptibility to objective conditions, this report has limitations in terms of information acquisition, rating methodology, and model application, as well as future event prediction.
II. This report is issued by Lianhe Credit at the request of Huaxi Securities Co., Ltd. (hereinafter referred to as "the Company"). Except for the rating engagement relationship between Lianhe Credit and the Company for this rating, there are no other relationships that could affect the independence, objectivity, and fairness of Lianhe Credit's rating activities, including those of its rating personnel, with the Company.
III. The information cited in this report is primarily provided by the Company or third-party related entities. Lianhe Credit has performed necessary due diligence, but makes no guarantee regarding the truthfulness, accuracy, or completeness of the cited information. Lianhe Credit reasonably adopts the professional opinions issued by other professional institutions, but Lianhe Credit assumes no responsibility for the professional opinions issued by such institutions.
IV. The results of this rating review are valid from the date of this report until the maturity date of the corresponding bonds. According to the conclusions of the rating review, the rating results may change within the validity period. Lianhe Credit reserves the right to adjust, update, terminate, and withdraw the rating results.
V. 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.
VI. This report cannot replace the professional judgment of any institution or individual. Lianhe Credit shall not be liable for any losses incurred by any institution or individual due to the use of this report and its rating results.
VII. The主体 (entity) rating and the tracking rating results for related bonds or securities listed in this rating report shall not be used for the issuance of other bonds or securities.
VIII. The copyright of this report belongs to Lianhe Credit. Without written authorization, any form or method of reproduction, reprinting, sale, publication, or storage of any content of this report in a database or retrieval system is strictly prohibited.
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