Shenwan Hongyuan Group Co., Ltd. (06806) announced that its subsidiary, Shenwan Hongyuan Securities Co., Ltd., successfully completed the issuance of the third tranche of subordinated bonds targeted at professional investors on December 8, 2023, amounting to RMB 1.6 billion. The current tranche of subordinated bonds is a follow-up issuance of the aforementioned bonds, maintaining the same name, abbreviation, duration, and coupon rate as the previous issue. The issuance of this follow-up tranche, which totaled RMB 2.9 billion and was priced at RMB 106.194, was completed on October 16, 2025. Following approval from the Shenzhen Stock Exchange, these bonds are set to be listed and traded from October 21, 2025. They are aimed at institutional investors among professional investors, maintaining the full name “Shenwan Hongyuan Securities Co., Ltd. 2023 Subordinated Bonds for Professional Investors (Third Tranche),” the abbreviation “23申证C4,” with the bond code remaining “148540.”