MEITUAN-W (03690): Proposed Issuance of RMB Senior Notes

MEITUAN-W (03690) announced that the Company proposes to conduct an international offering of notes to professional investors only. The completion of the proposed note issuance is subject to market conditions and investor interest. As of the date of this announcement, the aggregate principal amount, interest rate, payment dates and certain other terms and conditions of the notes have not yet been determined. Upon finalization of the terms of the notes, it is expected that the Company, the Joint Global Coordinators, the Joint Lead Managers and Joint Bookrunners, the Joint Lead Managers and Joint Bookrunners, and other initial purchasers (if any) will enter into a purchase agreement. The Company intends to use the net proceeds from the proposed note issuance primarily for refinancing existing offshore debt and other general corporate purposes. In the event of unforeseen circumstances or changes in business conditions, subject to compliance with applicable laws and regulations in mainland China, the Company may use the net proceeds from the proposed note issuance for purposes different from those described above.