Hengan International issues fourth tranche of commercial papers

Hengan International Group Company Limited announced the completion of the issuance of the fourth tranche of its super short-term commercial papers (SCP) on October 21, 2025. This tranche, totaling RMB0.5 billion, carries a fixed coupon rate of 1.77% per annum and has a term of 269 days. The proceeds are earmarked for supplementing the company's working capital and that of its subsidiaries, as well as for the repayment of bank loans from some domestic subsidiaries.

This issuance is part of a larger debt financing instrument (DFI) approval by the National Association of Financial Market Institutional Investors, with an aggregate amount not exceeding RMB7.5 billion. Following the completion of this fourth tranche, RMB4.3 billion of the approved DFI amount remains unissued. Details of the Fourth Tranche SCP issuance will be published on the websites of China Money and Shanghai Clearing House.

The board of directors includes Mr. Sze Man Bok (chairman), Mr. Hui Ching Lau, Mr. Xu Da Zuo, Mr. Sze Wong Kim, Mr. Hui Ching Chi, Mr. Li Wai Leung, and Mr. Xu Wenmo as executive directors. Independent non-executive directors are Mr. Theil Paul Marin, Ms. Ada Ying Kay Wong, Mr. Ho Kwai Ching, Mark, and Mr. Chen Chuang.