NWS Holdings (00659.HK) announced that it has applied to the China Securities Regulatory Commission and the Shanghai Stock Exchange to register corporate bonds (Panda bonds) with a total amount not exceeding RMB 5 billion, which will be issued by the company in multiple batches at an appropriate time, and the proposed issuance will be conducted within two years from the date of receipt of the registration notice from the China Securities Regulatory Commission.

The proceeds from the issuance of Panda bonds will be used to repay the Group's interest-bearing bank loans, redeem perpetual capital securities, and supplement working capital.