CITIC Securities (06030) plans to re-apply for the issuance of domestic and foreign corporate debt financing instruments

Zhitong Finance App News, CITIC Securities (06030) issued an announcement. The company's shareholders reviewed and passed the “Proposal on Re-Authorizing the Company to Issue Debt Financing Instruments for Domestic and Foreign Companies” at the 2020 Annual General Meeting of Shareholders, which authorize the company to issue domestic and foreign company debt financing instruments in total not exceeding 200% of the company's audited net assets at the end of the most recent period (calculated based on the balance to be repaid after issuance, converted according to the median exchange rate announced by the People's Bank of China on each issue date). The authorization is valid for 36 months from the date of review and approval by the shareholders' meeting, and will expire in June 2024.

Considering that the company's shareholders' meetings are held for a long period of time, and that a series of regulatory approval and reporting procedures must be carried out after the shareholders' meeting. In order to ensure the smooth development of relevant financing work, seize market opportunities in a timely manner, meet the company's business development needs, further supplement the company's working capital, and adjust the debt structure, the company plans to once again apply for the issuance of domestic and foreign corporate debt financing instruments.