Hengan International Group Co. Ltd. has announced the completion of the issuance of its fourth tranche of super short-term commercial papers (SCP), following prior approval for a debt financing instruments program of up to RMB7.5 billion. The latest issuance, completed on 21 October 2025, involves a principal amount of RMB0.5 billion for the Fourth Tranche SCP. The papers have a fixed coupon rate of 1.77% per annum and a maturity of 269 days. Proceeds from this offering are intended to supplement working capital and repay bank loans of some domestic subsidiaries. The results of the issue are to be published on the websites of China Money (https://www.chinamoney.com.cn) and Shanghai Clearing House (https://www.shclearing.com.cn) upon issue.