Green Bond Fact Sheet

Issuer Name: Sunseap Group

Date: [date filled out]

Issue date: 03-04-2019 Maturity date: N/A Tenor: N/AIssuer Name

Sunseap Group

Amount Issued

SGD50m (USD37m)

Country of riskSingapore

CBI Database

Included

Issuer Type1

Loan

Bond TypeGreen loan

Green Bond Framework

N/A

Second party opinion

Sustainalytics

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ 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
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ 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
ReportingSunseap intends to publish an annual report with information on allocation andenvironmental impacts.

Company information

Sunseap Group operates as a renewable energy firm based in Singapore. It offers clean
energy and sustainable solutions including financing, designing, installation, andmaintenance services. Sunseap Group serves commercial, industrial, residential, utility, andgovernment sectors across Vietnam, Malaysia, Thailand, Philippines, Cambodia, Taiwan,China and Australia.

Firsts, records andcertificationsFirst green loan in ASEAN to finance rooftop solar projects. Also ING’s first solar rooftop
financing transaction in Asia-Pacific.

Proceeds description

The green loan proceeds will be used to finance a portfolio of approximately 50MW ofrooftop solar projects, ranging from about 100kW to 5MW in size and benefitting fromlong-term PPAs with more than 20 international and domestic commercial and industrial
corporates (such as PSA).

Climate Bonds viewSingaporean green finance keeps growing, this time involving a real estate company
focusing on rooftop solar products. This marks the country’s fourth green issuance in 2019
(third in April), after four in 2018. Whilst it is always positive to see new issuers enter themarket, we would welcome issuance to finance other types of assets apart from energy andbuildings, such as transport, water and waste (given the country’s urban nature).

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary1

ING (as the sole lender)

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