MENGNIU DAIRY (02319) proposes to issue sustainable development bonds.

MENGNIU DAIRY (02319) announced that the company proposes to only carry out international bond issuance to professional investors. If the bonds are issued, the proceeds of the bond issuance (after deducting underwriting commissions and estimated issuance expenses) are intended to be used for refinancing some of its existing debts as approved by the National Development and Reform Commission. The net proceeds of the bond issuance will be allocated to several green eligible categories and social responsibility eligible categories as outlined in the company's sustainable financing framework.