Meituan-W (03690) has announced its proposal to conduct a targeted international offering of notes exclusively for professional investors. As of the date of this announcement, the total principal amount, interest rate, payment date, and several other terms and conditions of the notes have yet to be determined. The pricing of the US dollar notes will be established through a book-building exercise coordinated by Goldman Sachs (Asia) L.L.C., Merrill Lynch (Asia Pacific) Limited, and CITIC CLSA Securities as joint global coordinators, joint bookrunners, and joint lead managers for the proposed issuance. Following the finalization of the terms for the US dollar notes, the company, joint global coordinators, joint bookrunners, and other initial purchasers, if applicable, are expected to enter into a purchase agreement for the US dollar notes.

The pricing of the Renminbi notes will also be conducted through a book-building process led by CITIC CLSA Securities, Goldman Sachs (Asia) L.L.C., Merrill Lynch (Asia Pacific) Limited, China Construction Bank (Asia) Corporation Limited, Bank of Communications Co., Ltd. Hong Kong Branch, Bank of China (Hong Kong) Limited, Bank of China Limited Singapore Branch, ICBC International Securities Limited, and Industrial and Commercial Bank of China (Asia) Limited as joint global coordinators, joint bookrunners, and joint lead managers for the proposed issuance of Renminbi notes, along with Agricultural Bank of China International, Huatai Financial Holdings (Hong Kong) Limited, and China Galaxy International Securities (Hong Kong) Limited acting as joint lead managers and joint bookrunners. After the terms of the Renminbi notes are finalized, the company and the aforementioned parties are expected to enter into a purchase agreement for the Renminbi notes.

The issuance of the US dollar notes and the Renminbi notes will not be conditional upon one another. The company intends to use the net proceeds from the proposed note issuance primarily for refinancing existing offshore debt and other general corporate purposes.