West China Cement (02233) announced that on February 2, 2026, the company and its subsidiary guarantors entered into a purchase agreement with J.P. Morgan Securities (Asia Pacific) Limited for the issuance of notes with a total principal amount of $300 million.

Subject to the satisfaction of certain conditions, the company will issue notes with a total principal of $300 million, which will mature in November 2029 unless redeemed earlier according to the terms.

The company intends to use the net proceeds from the notes issuance, after deducting underwriting commissions and other expenses, together with existing cash on hand, to repurchase, redeem, or repay its existing debt, including the 2026 notes through a concurrent tender offer or redemption, and for working capital purposes, including current liabilities.