Kuaishou-W (01024): Proposed issuance of US dollar and RMB senior notes

Zhitong Finance App News, Kuaishou-W (01024) issued an announcement. The company recommended that only professional investors sell notes internationally. US dollar notes will be priced through Merrill Lynch (Asia Pacific) Limited, Morgan Stanley & Co. International plc, UBS AG Hong Kong Branch and Jefferies Financial Group Hong Kong Limited act as the joint global coordinator, joint lead manager and joint bookkeeper for the proposed issuance of US dollar notes, and determined by Barclays Bank PLC as the joint lead manager and joint bookkeeper for the proposed issuance of US dollar notes. Once the terms of the US dollar notes are implemented, it is expected that the company, the joint global coordinator of US dollar notes, the joint lead manager and joint bookkeeper, and other initial buyers (if any) will enter into a US dollar bill purchase agreement.

RMB notes will be priced through UBS AG Hong Kong Branch, Merrill Lynch (Asia Pacific) Limited, Morgan Stanley & Co. International plc, Jefferies Financial Group Hong Kong Limited and Societe Generale Bank Limited Hong Kong Branch acted as the joint global coordinator, joint lead manager and joint bookkeeper of RMB notes proposed for the issuance of RMB notes, and the ICBC (Asia) Limited, Bank of China (Hong Kong) Limited, CITIC Lyon Securities Limited, SPDB International Finance Co., Ltd., CMBC Securities Limited and Barclays Bank PLC acted as the joint lead managers of RMB notes and associated with the proposed issuance of RMB notes Depends on the bookkeeping and filing procedures carried out by the bookkeeper. After the RMB bill provisions are implemented, it is expected that the company, the joint global coordinator of RMB notes, the joint lead manager and joint bookkeeper, and other initial buyers (if any) will enter into RMB bill purchase agreements.

There are no mutual conditions between the sale of US dollar notes and the sale of RMB notes. The company plans to use the net proceeds from the issuance of the proposed notes mainly for general corporate purposes.