MEITUAN-W(03690) proposes to issue USD and RMB preference notes.

MEITUAN-W (03690) announced that the company proposes to only offer the notes internationally to professional investors. 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 finalized. The pricing of the USD notes will be determined through a bookbuilding process conducted by Goldman Sachs (Asia) LLC, Merrill Lynch (Asia Pacific) Limited, and China International Capital Corporation Limited as the joint global coordinators, joint lead managers, and joint bookrunners for the proposed USD notes offering. Once the terms of the USD notes are finalized, it is expected that the company, joint global coordinators for the USD notes, joint lead managers, joint bookrunners, and other initial purchasers (if any) will enter into a purchase agreement for the USD notes. The pricing of the RMB notes will be determined through a bookbuilding process conducted by China International Capital Corporation Limited, Goldman Sachs (Asia) LLC, Merrill Lynch (Asia Pacific) Limited, China Construction Bank Corporation (Asia) Limited, BANKCOMM Hong Kong Branch, Bank Of China (Hong Kong) Limited, Bank Of China Limited Singapore Branch, ICBC International Securities Limited, and Industrial and Commercial Bank of China (Asia) Limited as the joint global coordinators, joint lead managers, and joint bookrunners for the proposed RMB notes offering. Once the terms of the RMB notes are finalized, it is expected that the company, joint global coordinators for the RMB notes, joint lead managers, joint bookrunners, joint lead managers for the RMB notes, joint bookrunners, and other initial purchasers (if any) will enter into a purchase agreement for the RMB notes. The USD notes offering and RMB notes offering are not conditional on each other. The company intends to use the net proceeds from the proposed notes offering primarily for refinancing existing offshore debts and other general corporate purposes.