FE HORIZON (03360) announced that on January 6, 2026, the company entered into a subscription agreement with joint lead managers. The agreement is for a drawdown under its USD 4 billion medium-term note and perpetual securities program, with the issuance and sale of the drawdown notes scheduled for January 13, 2026. The total face value of the drawdown notes is USD 400 million, and they are exempt from the registration requirements under the Securities Act. The notes are denominated in US dollars. The company intends to use the net proceeds from the offering for working capital and general corporate purposes. Upon obtaining all necessary approvals from relevant Chinese government departments, the proceeds may also be on-lent to the company's subsidiaries in China through intercompany loans.