[PR] Dujiangyan Urban and Rural Construction Group Co., Ltd. | Green Bond Pre-Issuance Certification

Hong Kong, December 6, 2023 - 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 Certification Report on Pre-issuance of Dujiangyan Urban and Rural Construction Group Co., Ltd. ("DURC")'s Proposed Offshore RMB Green Bond.

We have assessed and certified the following elements of DURC 's green bond:

• Use of Proceeds
• Project Evaluation and Selection
• Management of Proceeds
• Reporting

Upon assessment, Lianhe Green considers the green bond will be used in green projects. It is also considered to be in alignment with the Green Bond Principles (June 2021 Edition) issued by International Capital Markets Association (“ICMA”), and Green Bond Endorsed Projects Catalogue (2021 Edition) issued by the People's Bank of China(PBC), National Development and Reform Commission (NDRC) and China Securities Regulatory Commission(CSRC). Furthermore, DURC’s eligible green projects are in line with the Sustainable Development Goals (SDGs) issued by United Nations.

As one of the important infrastructure construction entities in Dujiangyan City, the business of DURC involves the construction of infrastructure on behalf of Dujiangyan City, land consolidation, sand and gravel mining and sales, municipal management services, property leasing and sales as well as sales of grain, oil, meat and eggs. At present, the Company has a large number of projects pending settlement and good business continuity. In the future, the Company will further improve its management level, give full play to its own advantages and contribute to the sustainable development of the economy and society of Dujiangyan City.

About Lianhe Green

Lianhe Green Development Company Limited (“Lianhe Green”) was established in 2023 and is a subsidiary of Lianhe Equator Environmental Assessment Co., Ltd. (“Lianhe Equator”) and Lianhe Credit Management Co., Ltd. (“Lianhe Group”). Lianhe Equator is the largest green and sustainable bond/loan certification provider in mainland China. Lianhe Green is headquartered in Hong Kong, mainly responsible for green and sustainable finance certification business in international markets, ESG reporting and consulting, and ESG training services in mainland China, Hong Kong and abroad.

Lianhe Green aims to become an internationally recognized external verifier for sustainable finance through the cooperation with Liane Equator’s professional and experienced team in this industry. With a belief 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 green development, and providing investors with independent and objective third-party certification services. It is our mission to leave green and oceans to our future generations.

Analytical Standards

• Green Bond Principles (GBP) (June 2021 Edition)
• Green Bond Endorsed Projects Catalogue (2021 Edition)
• United Nations Sustainable Development Goals (SDGs)

Contacts

Joyce Chi, CESGA®

Acting Chief Executive Officer                          

+852 3462 9569

joyce.chi@lianhegreen.com

Shingas Cheung, CESGA®

Associate

+852 3462 9581

shingas.cheung@lianhegreen.com

Disclaimer

A Lianhe Green certification report on pre-issuance is an assessment of green bonds issued by issuers. It is not a credit rating.

Please note that individuals identified in a certification report on pre-issuance 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.

Lianhe Green receives compensation from issuers and other market participants for conducting this service. None of the aforementioned entities nor its related parties participate in the review process aside from providing information requested by Lianhe Green.

Our assessments are not considered investment advice and they are not and should not be considered as a replacement of any person’s own assessment of the ESG factors related to a financial instrument or an entity. Lianhe Green does not represent, warrant or guarantee that our report will fulfil any of your or any other person’s particular purposes or needs. Lianhe Green does not recommend the purchase or sale of financial instruments or securities or give investment advice or provide any legal, auditing, accounting, appraisal or actuarial services.

Lianhe Green does not audit or verify the accuracy of the information provided to issuers by any third party for the purpose of issuing this opinion. Lianhe Green does not represent, warrant or guarantee the accuracy, correctness, integrity, completeness or timeliness of any part of our opinion.

All published press releases and reports are the intellectual property of Lianhe Green. Any reproduction, redistribution, or modification, in whole or part, in any form by any means is prohibited unless such user has obtained prior written consent from us. 

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