Tianfeng Securities plans to privately issue corporate bonds to optimize capital structure and support a comprehensive rebound

On March 24, 2026, Tianfeng Securities (601162.SH) held the 60th meeting of the fourth board of directors, approving the proposal on the non-public issuance of corporate bonds. Against the backdrop of turning losses into profits and making substantial progress in resolving historical risks in 2025, Tianfeng Securities plans to seize the interest rate window by issuing corporate bonds privately to optimize its debt structure and provide a solid foundation for the “full counterattack” strategy.

Seize the Interest Rate Window and Optimize Debt Structure

In the first quarter of this year, the overall bond market operated steadily, and the financing costs for securities firms remained low. Since March, many securities firms have issued corporate or subordinate bonds, with coupon rates generally decreasing and subscription multiples rising collectively.

In the current market environment, Tianfeng Securities will use private issuance of corporate bonds to introduce long-term, low-cost funds to replace existing debt and supplement working capital. This will further optimize the debt maturity structure, reduce overall financial costs, and enhance the company’s asset-liability management stability.

Turning Losses into Profits and Continuous Improvement of Fundamentals

In recent years, Tianfeng Securities has steadily advanced the resolution of historical risks, with its operational foundation continuously recovering. The 2025 annual performance forecast shows the company expects to achieve a net profit attributable to the parent company of between 125 million and 185 million yuan, turning losses into profits year-over-year.

Tianfeng Securities continues to promote the “Six New Tianfeng” transformation, gradually overcoming the impact of historical issues, with its operational fundamentals constantly improving. The current non-public issuance of corporate bonds is an important measure for the company to strengthen its endogenous development capacity, improve corporate governance, and restore market confidence.

Steadily Promote Strategy Implementation and Support High-Quality Development

In early 2026, Tianfeng Securities held its annual work conference, establishing the “full counterattack” as the main theme for the year, with a clear focus on “decisively winning autonomous financing.” The meeting required the company to deepen governance reforms, reduce existing risks, improve operational quality and efficiency, and seize market financing opportunities by using tools such as private issuance of corporate bonds to optimize debt structure, enhance autonomous financing capacity, and secure funding for strategic implementation.

Looking ahead, the company will continue to strengthen its strategic advantages in “urban investment banking,” “second entrepreneurship,” and “international financial bridge,” optimize risk control and compliance systems, improve talent and digital capabilities, and promote the development pattern of serving Hubei, radiating nationwide, and connecting internationally. It aims to accelerate the transformation toward endogenous growth, standardized governance, and stable operations for high-quality development.