HENGAN INT'L (01044) announced that on October 21, 2025, it has completed the issuance of its fourth phase of ultra-short-term financing bonds with a principal amount of RMB 500 million. The bonds have an annual interest rate of 1.77% and a maturity of 269 days. Following this issuance, there remains an approved but undistributed amount of debt financing instruments totaling RMB 4.3 billion. The proceeds from the fourth phase of ultra-short-term financing bonds are intended to supplement the working capital of the company and its subsidiaries, as well as to repay some bank loans of domestic subsidiaries.