CHINARES PHARMA (03320) announced that on December 15, 2025, its non-wholly owned subsidiary, China Resources Pharmaceutical Commercial Group Co., Ltd., successfully issued the first tranche of its 2025 medium-term notes in China. The issuance amounted to RMB3 billion with a three-year tenor (renewable at maturity) and an annual coupon rate of 2.19%. The proceeds from the issuance will be used to repay interest-bearing debts of China Resources Pharmaceutical Commercial or its subsidiaries.