Ganzhou Urban Investment Group Co., Ltd. (Ganzhou Urban Investment Group) is set to issue 3-year USD sustainable bonds on the Hong Kong Stock Exchange on September 4, 2024, with an initial guidance rate of 6.60%. China Chengxin Green Finance International Co., Ltd. (CCXGFI), a recognized external reviewer under the Hong Kong Monetary Authority's Green and Sustainable Finance Grant Scheme with relevant expertise and qualifications, has been appointed by the Group to provide a second-party opinion on its Sustainable Finance Framework.

Ganzhou Urban Investment Group has established such framework to carry out green, sustainable, and social financing transactions, integrating the concept of sustainability into all aspects of its business strategy, including investment, construction, and operations.

Following the review by CCXGFI's Sustainable Development Evaluation Committee, CCXGFI has assigned the Sustainable Finance Framework of Ganzhou Urban Investment Group an Sf-2 rating. The rating confirms that the four core components of the company's framework align with the relevant requirements of the Green Bond Principles (2021), Social Bond Principles (2023), and Sustainability Bond Guidelines (2021) issued by the International Capital Market Association, as well as the Green Loan Principles (2023) and Social Loan Principles (2023) published by the Loan Market Association, Asia Pacific Loan Market Association, and Loan Syndications and Trading Association. The framework demonstrates a strong alignment with the company’s sustainability strategy, a high likelihood of achieving the stated environmental and/or social objectives, and effective environmental and/or social risk management.

The proceeds from this sustainable bond issuance will be used for refinancing existing debt, in accordance with the issuer’s framework and certification from the National Development and Reform Commission. Eligible environmental financing project categories include sustainable water and wastewater management, renewable energy, energy efficiency, environmentally sustainable management of living natural resources and land use, and green buildings. Eligible social financing project categories include affordable infrastructure, access to essential services, and affordable housing.