[PR] Quzhou Qutong Transportation Investment Development Co., Ltd.| Sustainability Financing Framework SPO

Hong Kong, Nov 26, 2024 - Lianhe Green Development Company Limited (“Lianhe Green”), an external reviewer recognised by the Hong Kong Monetary Authority’s Green and Sustainable Finance Grant Scheme, has provided its Second-Party Opinion on the Sustainability Financing Framework of Quzhou Qutong Transportation Investment Development Co., Ltd. (the “Group”). Under the framework, the Group can issue sustainability bonds, green bonds, social bonds, green loans, social loans or any other similar forms of debt instruments.

The Group's Sustainability Financing Framework has received an Excellent assessment opinion from Lianhe Green. We have reviewed the following pillars addressed in the Group’s Sustainable Finance Framework:

»       Use of Proceeds

»       Process for Project Evaluation and Selection

»       Management of Proceeds

»       Reporting

»       External Review

Upon assessment, Lianhe Green considers the framework to be in alignment with the Sustainability Bond Guidelines (SBG) (June 2021 Edition), the Green Bond Principles (GBP) (June 2021 Edition) and the Social Bond Principles (SBP) (June 2023 Edition) issued by International Capital Markets Association (“ICMA”), as well as the Green Loan Principles (GLP) (February 2023 Edition) and the Social Loan Principles (SLP) (February 2023 Edition) issued by the Loan Market Association (“LMA”), the Loan Syndications and Trading Association (“LSTA”) and the Asia-Pacific Loan Markets Association (“APLMA”). In addition, the eligible green projects listed in this Framework are in line with the Green Bond Principles (GBP) (June 2021 Edition), the Green Loan Principles (GLP) (February 2023 Edition), and the United Nations Sustainable Development Goals (SDGs); the eligible social projects listed in this Framework are in line with the Social Bond Principles (SBP) (June 2023 Edition), the Social Loan Principles (SLP) (February 2023 Edition), and the United Nations Sustainable Development Goals (SDGs).

The Group integrates the philosophy of sustainable development into its overall business strategy, management, investment, and operations. The Group will actively explore and provide products and services to support the development of the green and sustainable economy. The Group has adopted strict environmental and social measures and assessments to ensure compliance with national laws and regulations related to green and sustainable development.

About Lianhe Green

Lianhe Green Development Company Limited (“Lianhe Green”) was established in 2023 and is a subsidiary of Lianhe Credit Management Co., Ltd. (“Lianhe Group”) and Lianhe Equator Environmental Assessment Co., Ltd. (“Lianhe Equator”), which is a third-party consulting and certification service provider in China with multiple professional technical edges in "green finance, energy conservation and protection, and carbon testing/certification". Headquartered and registered in Hong Kong, Lianhe Green is an external reviewer recognized under the Hong Kong Monetary Authority’s Green and Sustainable Finance Grant Scheme. Lianhe Green is mainly responsible for green and sustainable finance certification business in international markets, ESG reporting and consulting, ESG training services, and assists in operating carbon market-related businesses within and outside China.

Lianhe Green aims to become an internationally recognized external verifier for sustainable finance through cooperation with Lianhe Equator's professional and experienced team in this industry. With a goal of "shaping the origin of the earth and sky, and transmitting the civilization of mankind", Lianhe Green is committed to helping Chinese and foreign enterprises demonstrate their determination in sustainable development, and providing investors with independent and objective third-party certification services. Leaving green and oceans to future generation is our mission and ambition.

Analytical Standards

»       Sustainability Bond Guidelines (SBG) (June 2021 Edition)

»       Green Bond Principles (GBP) (June 2021 Edition)

»       Social Bond Principles (SBP) (June 2023 Edition)

»       Green Loan Principles (GLP) (February 2023 Edition)

»       Social Loan Principles (SLP) (February 2023 Edition)

Contacts

Polex Lam, CESGA^® CEnv

Managing Director

+852 3462 9583

polex.lam@lianhegreen.com

Sherry Li

Analyst

+852 3462 9583

Sherry.li@lianhegreen.com 

Disclaimer

A Lianhe Green SPO is an assessment of the sustainable finance frameworks of entities. It is not a credit rating.

Please note that individuals identified in a SPO report are not responsible for the opinions stated therein and are named for contact purposes only. Our report is neither a prospectus nor a substitute for the information assembled, verified and presented to investors by the issuer and its agents in connection with the sale of financial instruments and securities.

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