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31 May 2023

NWS becomes the first Hong Kong conglomerate issuing Panda Bonds

(31 May 2023 – Hong Kong) NWS Holdings Limited (“NWS” or the “Company”, Hong Kong stock code: 659) is pleased to announce that the Company successfully registered with the National Association of Financial Market Institutional Investors and issued its inaugural RMB denominated medium term notes (the “Panda Bonds”) in the People’s Republic of China (the “PRC”). This is the first Panda Bonds issued by a Hong Kong corporate in the Mainland since the People’s Bank of China and State Administration of Foreign Exchange released the new regulations on Panda Bonds in December 2022.

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