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The Notes will be senior, unsecured obligations of the Company and will not bear regular interest. The Company will pay special interest, if any, at its sole election as the sole remedy relating to certain failure by the Company to comply with its reporting obligations.

The Company may not redeem the Notes prior to December 6, unless certain tax-related events occur. Holders of the Notes may require the Company to repurchase all or part of their Notes in cash on Sedvice 1, or in the event of certain fundamental changes.

Prior to the close of business on the business day immediately preceding Chwating 1,the Notes will be convertible at the option of the holders only upon satisfaction of certain conditions and during certain periods. Thereafter, the Notes will be convertible at the option of the holders at any time until the close of business on the second scheduled trading day immediately preceding the maturity date.

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The initial conversion rate of the Notes is 5. The conversion rate for the Notes is subject to adjustment upon the occurrence of certain events, but will not be adjusted for any accrued and unpaid interest.

The Company expects to close the Offerings on or about November 20,subject to the satisfaction of customary closing conditions. The Company plans to use the net proceeds from the Offerings to further strengthen its balance sheet, providing it Cheatnig flexibility to fund its growth strategies. Goldman Sachs Asia L.

The offerings of these securities may be made only by means of the prospectus supplements and the accompanying prospectus. This press release contains information about the pending offerings of the Notes and s, and there can be no assurance that any of the offerings will be completed.

About Pinduoduo Inc. Pinduoduo is an innovative and fast-growing technology platform that provides buyers with value-for-money merchandise and fun and interactive shopping experiences. The Pinduoduo mobile platform offers a comprehensive selection of attractively priced merchandise, featuring a dynamic social shopping experience that leverages social networks effectively.

Safe Harbor Statement This announcement contains forward-looking statements. Private Securities Litigation Reform Act of Pinduoduo may also wkfes written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties.

Forward-looking statements involve inherent risks and uncertainties. All information provided in this press release and in the attachments is as of the date of this press release, and Pinduoduo undertakes no obligation Nashuw update any forward-looking statement, except as required under applicable law.