MEITUAN-W(03690) plans to issue US Dollar-denominated senior notes.

MEITUAN-W (03690) announces that the company suggests to only offer the notes internationally to professional investors. The completion of the proposed note issuance is subject to market conditions and investor interest. As of the date of this announcement, the principal amount, interest rate, payment date, and several other terms and conditions of the notes have not been determined. The pricing of the notes will be determined through a cumulative bidding process conducted by Goldman Sachs (Asia) Limited, Merrill Lynch (Asia Pacific) Limited, Morgan Stanley International Limited, and HSBC Bank (Hong Kong) Limited as joint global coordinators, joint lead managers, and joint bookrunners, as well as UBS AG Hong Kong Branch, Barclays Bank PLC, and CICC Securities Limited as joint lead managers and joint bookrunners for the proposed note issuance. After the terms of the notes are finalized, the Company, Goldman Sachs (Asia) Limited, Merrill Lynch (Asia Pacific) Limited, Morgan Stanley International Limited, HSBC Bank (Hong Kong) Limited, UBS AG Hong Kong Branch, Barclays Bank PLC, CICC Securities Limited, and other initial purchasers (if any) are expected to enter into purchase agreements. The Company intends to use the net proceeds from the proposed note issuance primarily for the refinancing of existing offshore debt and other general corporate purposes. In the event of unexpected events or changes in business conditions, the Company may use the net proceeds from the proposed note issuance in a manner different from what is described above, provided that it complies with applicable mainland Chinese laws and regulations.