China Merchants Expressway extends bond book-building due to market fluctuations

China Merchants Expressway Network & Technology Holdings Co., Ltd. has extended the book-building period for its 2025 publicly offered technology innovation perpetual corporate bonds (tranche 1) for professional investors. The original book-building end time of 18:00 on October 21, 2025, has been extended to 19:00 on the same day. This decision was made in agreement with the book-runner and investors due to market fluctuations.

The issuer plans to issue these bonds with a total value not exceeding CNY 100 bn, as approved by the China Securities Regulatory Commission (CSRC) via document [2024] 1948. The current tranche (tranche 1) has an issuance size not exceeding CNY 1.55 bn.

The interest rate for these bonds will be determined through an inquiry process with offline investors between 15:00 and the new extended time of 19:00 on October 21, 2025, with the final coupon rate set within the predetermined interest rate range.