Hengan International Group Company Limited (Stock Code: 1044) announced the completion of its second tranche of super short-term commercial papers on 9 February 2026, raising RMB2 billion. The coupon rate was set at 1.81% per annum, with a term of 179 days.

According to the announcement, the company initially obtained approval from the National Association of Financial Market Institutional Investors to issue debt financing instruments with a total registered amount of up to RMB7.5 billion. Following this second tranche, the remaining unissued amount under the approved quota stands at RMB1.8 billion.

The proceeds from the issuance are designated for supplementing the working capital of Hengan International and its subsidiaries, as well as repaying debts and bank loans of certain domestic subsidiaries. The detailed issuance results will be published on the China Money (www.chinamoney.com.cn) and Shanghai Clearing House (www.shclearing.com.cn) websites.