China Industrial Securities International Announces Discloseable Bond Acquisitions

Key Points for Investors

• Discloseable Transaction: China Industrial Securities International Financial Group Limited (“the Company”) has announced a discloseable transaction involving the acquisition of bonds by its indirect wholly-owned subsidiary, CISI Investment Limited.
• Aggregate Investment: On 3 June 2026 and 8 June 2026, CISI Investment acquired an aggregate principal amount of CNY119,000,000 (approximately HK\$137,754,400) in bonds issued by Langya Overseas Co., Ltd., guaranteed by Linyi Lanshan Industrial Investment and Development Group Co., Ltd.
• Bonds Details:
  • Total issue size: CNY790,000,000
  • Coupon rate: 5.7% fixed per annum
  • Maturity date: 9 June 2029
  • Issue price: 100% of principal amount
• Issuer and Guarantor:
  • Issuer: Langya Overseas Co., Ltd., incorporated in the British Virgin Islands, is an indirect, wholly-owned subsidiary of the Guarantor.
  • Guarantor: Linyi Lanshan Industrial Investment and Development Group Co., Ltd., a state-owned enterprise in the PRC, ultimately controlled by the Linyi Lanshan District Municipal Government.
• Purpose of Acquisition: The bonds were acquired as part of the Group’s strategy to generate stable returns, diversify its portfolio, and broaden revenue streams within an acceptable risk level.
• Funding: The acquisitions were funded through the Company’s internal resources.
• Listing Rules Implications: While the acquisition alone does not exceed 5% in any applicable percentage ratio under HKEX Listing Rule 14.07, when combined with a previous subscription, it exceeds 5% but remains below 25%. Therefore, it qualifies as a discloseable transaction, requiring reporting and public announcement but not shareholder approval.
• Previous Subscription: On 3 June 2026, CISI Investment also subscribed for CNY79,000,000 (approximately HK\$91,450,400) in the same bonds, bringing the total investment to CNY119,000,000 (approximately HK\$137,754,400).
• Seller Information: The acquisition was conducted on the open market via securities brokers. The identities of the bond sellers are not known but are confirmed to be Independent Third Parties.

Details That May Affect Share Value

• Potential Impact: The investment into high-coupon, state-backed bonds may provide a stable and attractive return, supporting the Company’s income and potentially enhancing shareholder value.
• Risk Considerations: The issuer is a special purpose entity with no business other than bond issuance, while the guarantor is a diversified state-owned enterprise. The backing by a local government-related entity may mitigate default risks, but investors should remain cautious regarding macroeconomic and sectoral risks in the PRC.
• No Shareholder Approval Required: The transaction is below the 25% threshold for requiring shareholder approval but is significant enough to require disclosure, which may be seen as a sign of increased activity or strategic repositioning by the Company.

Summary Table of Bond Acquisitions

Board Composition

As of the date of the announcement, the Board comprises one non-executive Director (Mr. Xiong Bo, Chairman), three executive Directors (Mr. Lin Dan, Mr. Wei Wei, Mr. Ding Xianshu), and three independent non-executive Directors (Ms. Ye Jianfang, Mr. Tian Li, Ms. Foo Yuet Min).

Investor Takeaway

Investors should note that this acquisition forms part of the Company’s ongoing strategy to diversify investment exposure and enhance stable returns. The transparency and disclosure of this transaction, together with the state-backed nature of the investment, could be seen as a positive move to support future earnings and bolster investor confidence.

However, as with all investments, especially those involving the PRC bond market, it is important to consider potential risks and macroeconomic developments that could affect returns or the credit standing of the guarantor.

Disclaimer

This article is for information purposes only and does not constitute investment advice. Investors should conduct their own due diligence or consult professional advisers before making investment decisions. The Company’s financial condition and share price may be influenced by a range of factors beyond the scope of this announcement.

【粵語版】

興證國際金融集團有限公司公布披露性債券收購交易

投資者重點

• 披露性交易：興證國際金融集團有限公司（「本公司」）宣布，其間接全資附屬公司CISI Investment Limited收購債券，構成披露性交易。
• 總投資額：2026年6月3日及6月8日，CISI Investment於公開市場透過主承銷商共收購發行人Langya Overseas Co., Ltd.（琅琊海外有限公司）發行，臨沂蘭山產業投資發展集團有限公司擔保的債券本金共人民幣1.19億元（約港幣1.3775億元）。
• 債券詳情：
  • 總發行額：人民幣7.9億元
  • 息率：每年5.7%固定
  • 到期日：2029年6月9日
  • 發行價：本金100%
• 發行人及擔保人：
  • 發行人：琅琊海外有限公司，於英屬處女群島註冊，為擔保人間接全資附屬公司。
  • 擔保人：臨沂蘭山產業投資發展集團有限公司，為中國國有企業，最終由臨沂市蘭山區人民政府控制。
• 收購目的：本集團投資該債券旨在於可接受風險水平下，獲取穩定回報，分散投資組合，拓寬收益來源。
• 資金來源：收購由本公司內部資金支付。
• 上市規則影響：本次收購單獨計算下的百分比比率均不超過5%，但與之前的債券申購合併計算時超過5%但少於25%，構成披露性交易，需公告但無需股東批准。
• 之前申購：2026年6月3日，CISI Investment亦申購了人民幣7,900萬元（約港幣9,145萬元）同一債券。
• 賣方資料：於公開市場經券商進行，未知賣方身份，但確認為獨立第三方。

可能影響股價的重點

• 潛在影響：投資高息、國企擔保債券可為公司帶來穩定回報，支持收入及增強股東價值。
• 風險提示：發行人為無實際經營的專項公司，擔保人為國企且業務多元，並由地方政府支持，違約風險較低，但仍需留意內地經濟及行業風險。
• 無需股東批准：交易雖需公告但無需股東批准，反映公司有積極投資部署，或被市場視為正面訊號。

債券收購摘要表

董事會組成

截至公告日，董事會包括一名非執行董事（主席熊波先生）、三名執行董事（林丹先生、魏巍先生、丁現書先生），及三名獨立非執行董事（葉劍芳女士、田力先生、符悅敏女士）。

投資者提示

投資者需注意，該收購屬公司多元化投資組合及提升穩定回報之策略一部分。交易透明度高，國企擔保屬正面消息，有利未來盈利及提升市場信心。

但須留意，內地債券市場及宏觀經濟變化均可能影響回報及擔保人信用狀況，建議審慎評估相關風險。

免責聲明

本文僅供參考，並不構成任何投資建議。投資者作出投資決定前應自行審慎研究或咨詢專業顧問。公司財務狀況及股價或受多種因素影響，非本公告所能完全涵蓋。

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