Green Bond Fact Sheet

Zhejiang Deqing Rural Commercial Bank Co., Ltd.

Date: 18-Dec-2018

Issue date: 13-Dec-2018 Maturity date: 13-Dec-2021 Tenor: 3Issuer Name

Zhejiang Deqing Rural
Commercial BankCo.,Ltd.

Amount Issued

CNY200m (USD29m)

Country of risk

China

CBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeGreen Bond

Green Bond Framework

N/A

Second party opinion

N/A

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

G1 (CCX)☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ Waste to energy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Water & wastewater☒ Water distribution☐ Water treatment☒ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☒ Erosion control☐ Energy performance☒ Infrastructure☐ Industry: components☒ Adaptation & resilience

Use of Proceeds☒ Waste management☒ Recycling☒ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
Reporting

The use of proceeds annual report and its audit report, along with the status of useof proceeds for the first quarter of the current year will be disclosed before 30th Apr
every year; half yearly report on use of proceeds will be disclosed before 31st Aug
every year and before 31st Oct the third quarter report.
The issuer had CCX to give SPO on the use of proceeds and impact reporting of theprojects and according to the report, the proceeds are solely used for aligned (GreenBond Endorsed Project Catalogue (2015 Edition) green projects in the Pollution
Prevention and Control, Resource Conservation and Recycling and EcologicalProtection and Climate Change Adaptation categories.

Company information
Zhejiang Deqing Rural Commercial Bank Co., Ltd. provides various banking

products and services to personal and business customers in Huzhou, China. Itoffers deposit products, loans, bank cards, intermediate and settlement services,
online and mobile banking, and telephone banking services, as well as loans tomicro enterprises, individual business, and small business operators
Firsts, records andcertifications
Proceeds description

The proceeds will be used for wastewater treatment, high efficiency automatic
irrigation systems, management of water resources, water system management
and remediation, waterfront restoration and associated infrastructure, as well as
recycling and reuse of waste parts from car manufacturing and industrial
processes.

Climate Bonds view

We strongly support the clarity on the use of proceeds provided for the deal
through the prospectus and green rating. We look forward to seeing a postissuance report, which providing the same level of transparency around fundedprojects.

Underwriters

Bank of Nanjing

Deal comments
Credit Rating

AA (CCXI)Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign