Zai Lab secures RMB300m debt facility for mainland China working capital

Zai Lab Limited, through its subsidiary Zai Lab (Shanghai) Co., Ltd., has entered into a debt facility arrangement with Industrial Bank Co., Ltd., Shanghai Gubei Branch. This facility provides a maximum guarantee for working capital loans of up to RMB300m. The credit line will be available until May 5, 2026, with each working capital loan expected to have a one-year term.

The agreement includes customary representations, warranties, and covenants. Zai Lab (Shanghai) will need prior written consent from Industrial Bank before undertaking certain transactions that could impact its debt repayment ability, such as mergers, spin-offs, equity transfers, external investments, or substantial increases in debt financings.

As of October 17, 2025, Zai Lab (Shanghai) has not yet drawn any working capital loans under this new debt facility. The company filed a Form 8-K with the U.S. Securities and Exchanges Commission regarding this arrangement.