CICC (03908) has announced that, following approval from the China Securities Regulatory Commission under document [2026] No. 154, the company is authorized to issue corporate bonds to professional investors with a total outstanding amount of up to RMB 35 billion (including RMB 35 billion).

According to the issuance announcement for the first tranche of the 2026 short-term corporate bonds (the "Issuance Announcement"), the issuance scale for this tranche is set at no more than RMB 6 billion (including RMB 6 billion), with a par value of RMB 100 per bond. The bonds are being issued via a book-building process targeting professional investors as defined in the Corporate Bond Issuance and Trading Management Measures and related regulations.

The issuance for this tranche was completed on August 14, 2026, with the following results: the actual issuance scale for Tranche 1 was RMB 1.4 billion, with a final coupon rate of 1.49% and a subscription ratio of 6.02 times; the actual issuance scale for Tranche 2 was RMB 1.9 billion, with a final coupon rate of 1.50% and a subscription ratio of 5.28 times.