PIONREW N2809-R<85068> - New Listing

Market participants are requested to note that dealings in
the 1.90 per cent. yulan guaranteed notes due September 2028
issued by Pioneer Reward Limited will commence on Tuesday,
23/09/2025 under the following particulars:-

Stock Code  Stock Short Name     Denomination     Trading Currency
----------  ----------------     ------------     ----------------
85068       PIONREW N2809-R      CNY1,000,000     CNY
                                 or 10,000 units