On October 21, 2024, WuXi AppTec (HongKong) Limited, a wholly-owned subsidiary of WuXi AppTec Co., Ltd. (603259.SH/2359.HK, “WuXi AppTec”) successfully completed the issue of US$500 million zero coupon guaranteed convertible bonds due 2025 (the “Bonds”). The Bonds are guaranteed by WuXi AppTec and are convertible into fully paid ordinary H-shares of WuXi AppTec of par value of RMB1.00 per share. The net proceeds from the subscription of the Bonds, after the deduction of fees, commissions and expenses payable, will be approximately U.S.$494.4 million, and will be utilized in the following manner: (a) approximately 70% will be used for global expansion; (b) approximately 20% will be used for refinancing indebtedness; and (c) approximately 10% will be used for general corporate purposes. The listing of and permission to deal in the Bonds on the Hong Kong Stock Exchange became effective on October 22, 2024.

Fangda Partners acted as the PRC legal advisor to WuXi AppTec and provided comprehensive legal services to the transaction.