Huatai Securities : Notice of Listing on The Stock Exchange of Hong Kong Limited - Issue of U.S.$400,000,000 Floating Rate Guaranteed Bonds due 2023 by Pioneer Reward Limited and Guaranteed by Huatai Securities Co., Ltd.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities law of any state of the United States or other jurisdiction. The securities are being offered and sold outside the United States in reliance on Regulation S under the Securities Act and may not be sold within the United States absent registration or an exemption from registration under the Securities Act. No public offering of the securities will be made in the United States or in any other jurisdiction where such an offering is restricted or prohibited.

NOTICE OF LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

PIONEER REWARD LIMITED

(incorporated in the British Virgin Islands with limited liability)

(the "Issuer")

U.S.$400,000,000 FLOATING RATE GUARANTEED BONDS DUE 2023

(THE "BONDS")

(Stock Code: 40143)

unconditionally and irrevocably guaranteed by

HUATAI SECURITIES CO., LTD.

(華泰證券股份有限公司)

(incorporated in the People's Republic of China with limited liability)

(the "Guarantor") (Stock Code: 6886)

Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners

Huatai Financial Holdings	Bank of China	ICBC	J.P. Morgan
(Hong Kong) Limited
Joint Bookrunners and Joint Lead Managers
ABC International	Bank of Communications	CCB International
China Everbright Bank	China Merchants Securities	China Minsheng Banking
Hong Kong Branch	(HK)		Corp., Ltd., Hong Kong
			Branch
China PA Securities	Citigroup		CMB International
(Hong Kong)
Company Limited
Industrial Bank Co., Ltd.	Nanyang Commercial Bank	Standard Chartered Bank
Hong Kong Branch

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Application has been made to The Stock Exchange of Hong Kong Limited for the listing of and permission to deal in the Bonds by way of debt issues to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and in the Securities and Futures Ordinance (Cap. 571) of Hong Kong) only as described in the Offering Circular relating thereto dated 5 February 2020. Permission for the listing of, and dealing in, the Bonds is expected to become effective on 13 February 2020.

12 February 2020

As at the date of this announcement, the sole director of Pioneer Reward Limited is Mr. CHUNG Chi Chuen Ryan.

As at the date of this announcement, the directors of the Guarantor are Mr. Zhang Wei, Mr. Zhou Yi and Mr. Zhu Xuebo as executive Directors; Mr. Ding Feng, Mr. Chen Yongbing, Mr. Xu Qing, Ms. Hu Xiao and Mr. Wang Tao, as non-executive Directors; and Mr. Chen Chuanming, Mr. Liu Hongzhong, Mr. Lee Chi Ming, Ms. Liu Yan and Mr. Chen Zhibin as independent non-executive Directors.

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