Green Bond Fact Sheet

Jiangsu Guoxin Investment Group Ltd

Date: 09-Feb-2019

Issue date: 30-Jan-2019 Maturity date: 30-Jan-2022 Tenor: 3Issuer Name

Jiangsu Guoxin
Investment Group Ltd

Amount Issued

CNY1bn (USD149m)

Country of risk

China

CBI Database

N/A

Issuer Type1

Government-backedentity

Bond TypeGreen Bond

Green Bond Framework

N/A

Second party opinion

Lvrong Green Finance

Certification Standard

N/A

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ 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
ReportingCompany information

The issuer promises that during the period of the green medium-term notes, all theproceeds will be used for green projects; if there is a change in the use of proceeds,
the funds raised after the change are guaranteed to comply with laws, regulations
and national policies, and used for green projects or repayment of green loans.
The issuer also promises that the use of proceeds and progress of the projects will
be disclosed half annual and annually.
Jiangsu Guoxin Investment Group Ltd was established in 2002 and is based in
Jiangsu Province, China.
The entity is the largest regional power supplier in the Jiangsu Province. Its
business scope include state-owned capital investment, management, operation,transfer, corporate custody, asset restructuring, management consulting, houseleasing and other approved business. In recent years the company’s natural gas
business has developed rapidly, and The Company is ranked among the top 100
real estate development enterprises in China, ranking fourth in Jiangsu Province.

Firsts, records andcertifications
Proceeds description

The bond finances the construction of a pumped storage power station equippedwith six 250,000 kW mixed-flow reversible water pump turbine generator sets,with a total capacity of 1.5m kW. The annual power generation capacity of thepower station is 2.007bn kWh, and the annual pumping capacity is 2.676bn kWh.

Climate Bonds view

Pumped-storage hydroelectricity allows energy from intermittent sources (suchas solar and wind) and excess electricity from continuous base-load sources to be
saved for periods of higher demand. The Ministry of Land and Resources approved
a total of 1.96km2 of construction land for the project, which gives a power densityof at least 756.98w/m2. The facility is contributing to a grid which has at least
20.3% share of intermittent renewables and since they’ve used Lvrong Green
Finance conduct assessment on social and environmental risks we consider theintended use of proceeds to be aligned with our definition of green.

Underwriters
Deal comments

Industrial BankCredit Rating

AAA (CCXI)Pricing summary
Investors summary

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