Green Bond Fact Sheet

Landsea Green Group

Date: 27/04/2018

Issue date: 25/04/2018 Maturity date: 25/04/2020 Tenor: 2
Issuer Name

Landsea Green Group

Amount Issued

USD150m

Country of risk

China (Hong Kong)

CBI Database

Included

Issuer Type1

Non-FinancialCorporate

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

E1/84 (S&P Global Ratings)☐ 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 emissionvehicles☐ 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
ReportingCompany information

Environmental impacts at a project level will be disclosed in the company’s annual Corporate
Social Responsibility Report.

Landsea Green Group is an international green residential property development
service provider under the Landsea Group.

Firsts, records andcertifications
Proceeds description

Proceeds are to be allocated to new and existing green buildings in China. To beeligible, the assets must have 2 Star Chinese Green Building Label or an equivalentbuilding certification standard, while projects must target energy efficiency
improvements of 15-30% for new buildings and at least 40-60% for existingbuildings. The issuer also allows for 10% of the proceeds to be allocated to R&D forenergy efficiency design and technology related to housing and construction.

Climate Bonds view

We haven’t come across the “Three Star System” Chinese Green Building Label alot, so let’s see what it looks like. The system is based on six categories: landefficiency, energy efficiency, water efficiency, resource efficiency, environmentalquality and operational management. Each category has both regular and premium
items. The scheme has three rating categories – 1 star, 2 stars and 3 stars – and isbased on a credit scoring system. The rating level is determined by the minimumscore in each component. We note that, as for other green building certification
systems, targeting the highest rating level would provide a stronger assurance on abuilding’s energy performance credentials.

Underwriters

HSBC, Haitong, Guotai, CIC

Deal comments
Credit Rating

B (Fitch), B3 (Moody’s)

Pricing summary
Investors summary

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